Brooks Resources, a longstanding developer of quality
planned communities in Central Oregon, has announced the sale of its Yarrow
project in Madras to the Bean Foundation.
Included in the sale are 20 acres for potential
Bend-based Brooks began the master-planned community in
2007 with partners Taylor Northwest, a major construction company, and
Jeld-Wen, door and window manufacturer based in Klamath County.
The Bean Foundation was initially instrumental in working
with the City of Madras to create the Yarrow concept and in 2005 attracted
Brooks and its other partners under the umbrella of the Madras Land Development
Co. At that time the foundation owned slightly more than 180 acres and the the
city about 620 acres.
As the housing market boomed Brooks had also expanded out of the Bend area
to Prineville with the Ironhorse community on the former ranch east of
downtown.
Brooks later assumed control of Yarrow from its original
partners as the housing market contracted and sales slumped. Brooks officials said the company would remain
involved into 2016 to assist in the transition of Yarrow.
The Bean Foundation was created in 1981 with funding from
the late Al Bean. It has been dedicated to improving the Madras community
through various activities including support for schools and Central Oregon
Community College in Madras, the Madras Aquatic Center, and boys and girls clubs
to mention a few.
