On April 26th, Provision Investments purchased the undeveloped lot at 716 NE 91st Avenue and filed paperwork to increase the lot coverage from 50 to 55.6 percent. This request will facilitate the construction of six new two-story townhomes on this site. This sloped lot remained after the previous owner developed two duplexes on the southern portion of the property. Those four homes fronted on NE Irving Street completed construction in 2019.
This property is zoned Residential Multi-Dwelling 1 (RM1), allowing a 1:1 Floor Area Ratio (FAR). It allows a maximum building coverage of 50% to incentives developments that gradually blend the characteristics of adjacent residential homes and denser multi-family housing. The total interior usable space of all the homes built here would need to total 4,900 square feet or less unless granted bonus FAR for affordability. This application represents an early proposal for development and will likely change based on the results of their adjustment to lot coverage restrictions.
The recent application revealed that Provision intends to create six new “townhome style residential condos” on the 50 by 100 foot lot. This language indicates the townhomes reside on a single property and will require a Home Owners Association (HOA) to manage the shared space. However, newer rules created by the Residential Infill Project could allow each home to have its own lot and obtain street access from a pathway easement. Development of this project could take six months to a year. Anticipate construction occurring in 2024.
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