Work is underway on two apartment buildings located in a dead-end section of NE Hoyt Street. Concrete crews recently completed the foundation for both three-story buildings. The 12 unit structures are mirror duplicates of each other, with their construction occurring simultaneously. However, each multi-family development will reside on separate lots owned by different companies.
Provision Group bought this property in September 2020. At the beginning of 2022, demolition crews removed the duplex at 9022-9032 NE Hoyt Street a year after applying for the permit to raze the 1959-era single-story building. Soon after crews cleared the property, the developer spit it into two new 50-foot by 95-foot lots. In July 2022, the owner sold each lot to separate Limited Liability Companies (LLC). D&B Properties LLC now owns 9050 NE Hoyt Street, and Hoyt Development LLC owns 9060 NE Hoyt Street. Provision’s owner, Andrey Bolokhovskiy, is a partner in the two new LLCs.
The buildings offer a total of 24 units up to 689 square feet in size, accessible through exterior stairwells. Each building has one set of stairs facing the street and a second set on the side of the structures accessed through a walkway between the buildings. Residents on the upper floors will have access to balconies from within the units. A development of this size will likely require new sidewalk and curb construction in front of both buildings. However, the properties on either side of this project lack modern street-side infrastructure, so the new pedestrian path will be underutilized until future redevelopment creates connections to the sidewalk.
Rental pricing is unknown at this time, but this could become workforce housing in a section of Montavilla recently seeing new density development. These apartments will provide homes for people just one block from NE Glisan Street and the number 19 TriMet bus. The Gateway Transit center is also within walking distance. This project exemplifies the type of middle-housing solutions required to meet Portland’s expanding demand for new residences.
Updated (March 30th, 2023): Added new pictures showing project’s progression.
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