Eugene Steam Plant Hotel Proposal Submitted
DeChase Miksis Development has filed plans to redevelop the historic Eugene steam plant into a boutique hotel.
Updated on Oct. 14, 2026 in Hotels
Live Poll
Should the city provide additional funding for private redevelopment projects in your area?
DeChase Miksis Development has submitted a project consultation to the City of Eugene to convert the historic steam plant at 701 Annie Mims Lane into a hotel. The proposal seeks to transform the 95-year-old facility into a five-story destination.
Why it matters
The redevelopment is a major undertaking for the city, complicated by significant capital costs, rising interest rates, and construction expenses. The project must also satisfy Oregon prevailing wage requirements for all construction workers involved.
The proposed 65-foot hotel structure will occupy a 28,000 square-foot site and include 125 off-site parking spaces. The redevelopment is estimated to cost $60 million as part of the broader Riverfront District revitalization.
The players
DeChase Miksis Development
This is a real estate development firm currently managing the proposal for the historic steam plant site in Eugene.
EWEB
The Eugene Water & Electric Board is the utility provider that previously owned and operated the steam plant before its decommissioning.
The details
Developers intend to preserve the structure's original exterior walls and steel windows while listing the building on the National Register of Historic Places. The project is currently navigating the complexities of historical restoration alongside new construction.
Timeline
The original steam plant building was completed in 1931.
EWEB officially decommissioned the steam plant in 2012.
The city provided urban renewal funds to the developer in 2022 and 2024.
A development agreement with the city was signed on January 1, 2026.
The developers are aiming to break ground by the end of 2027.
Travel Outlook
The adaptive reuse of industrial sites is a growing trend in urban tourism that leverages historic character to anchor district revitalization. This project follows the pattern of historic preservation programs like the National Register of Historic Places to enhance local appeal.
Residents and visitors should expect long-term construction activity at the Riverfront District once the project breaks ground. Local travelers can monitor city council meeting agendas for updates on public funding approvals that may affect the development timeline.
The takeaway
Preserving historic infrastructure presents unique logistical and financial hurdles that can extend project timelines significantly. Stakeholders should watch for how the developers manage these costs while adhering to strict historic preservation standards.
What happens next
Developers plan to request additional funding from the City of Eugene before the target groundbreaking date at the end of 2027.
Further reading
Learn more about the latest projects in Eugene Hotels.
Source note: This article includes information reported by Lookout Eugene-Springfield.
Live Poll
Should the city provide additional funding for private redevelopment projects in your area?
