Bob Naito has over 35 years of development experience working for his own account, as a fee developer, and for the Bill Naito Company, a family-owned business that specializes in the rehabilitation of historic buildings in Portland Oregon.
While at the Naito Company, he worked closely with his father, Bill Naito, a prominent civic leader and real estate entrepreneur, on projects that totaled over two million square feet of apartment, office, industrial and retail development.
Beginning with the Galleria Building in 1975, the Bill Naito Company acquired a reputation for buying old buildings and vacant industrial sites and redeveloping them from “sow’s ears into silk purses.” The Galleria was redeveloped from a vacant department store located on a prime block in downtown Portland into three floors of specialty retail with a wholesale apparel mart above. Six years later, the company acquired an abandoned riverfront industrial site north of downtown Portland and developed a 302-unit market rate apartment project. In 1985, the company purchased a functionally obsolete 800,000 square foot, nine-story warehouse located on 17.6 acres in Northwest Portland from Montgomery Ward. In the largest historic rehabilitation project in the Pacific Northwest, the building was renamed Montgomery Park and converted to a multi-tenant office building for large office users including Wells Fargo Bank, Kaiser Permanente and Freightliner. While at the company, Bob also developed a build-to-suit 40,000 sq. ft. computer data center for Kaiser and was the project manager for the conversion of Albers Mill, a 135,000 square foot historic waterfront grain mill into offices and laboratories for the Wheat Marketing Center.
Following the death of his father in 1996, Bob left the family business to pursue development opportunities for his own account and for select clients. He developed the LEED Gold-certified Jean Vollum Natural Capital Center located in Portland’s River District for Ecotrust, a non-profit environmental organization. Completed in September 2001, the Natural Capital Center has received national recognition for combining the principles of sustainable development and those of historic preservation.
Other projects of his have included helping Portland State University and the City move the historic Simon Benson House onto the PSU campus and restore it as a visitor center and alumni office; developing the national headquarters for the Delta Society in Bellevue Washington; a $6 million conversion of an existing office building to a residential treatment facility; and most recently the LEED Platinum renovation of an office building located on the historic Halprin Blocks in downtown Portland.
In early 2007, Bob acquired the Nichols Boat Works, a 5.27 acre brown field industrial site in Hood River Oregon for the development of commercial space and a select service hotel. The environmental remediation work has been completed and the property has been rezoned from heavy industrial to mixed-use commercial.
In partnership with Jim Winkler, Bob is developing One Waterfront Place, a LEED Platinum certified office tower in Portland’s River District. The $102 million project is fully entitled.
Bob has been active in the Portland community. He is the founding president of the Portland Classical Chinese Garden and chaired the fundraising campaign for this $12.8 million project. He has served on the boards of a number of other local organizations including the Housing Authority of Portland, Portland Metropolitan Chamber of Commerce and the Portland Building Owners and Managers Association.
Bob has a B.A. from Harvard College and an MBA from Stanford Business School.
Will Naito joined the company in 2009, after managing development of mobile payment applications in the mobile platform services industry. Previously, Will worked for R&H Construction both in the field on the international award winning Adidas North American Headquarters, and in the pre-construction services department. At Naito Development, Will has worked closely on the redevelopment of the SOM-designed 150 Harrison building, one of the first LEED Platinum-certified redevelopment projects in Oregon. Overall, the Harrison Building achieved over 51% reduction in energy consumption, 40% reduction in water usage, and diverted more than 146 tons of construction waste from landfills.
Will has a B.A. in Economics & Business from Colorado College.