Work is underway on two new detached condominiums in the Gracelyn Commons subdivision atop a massive retaining wall. These three-story homes are the sixth and seventh units built by developer Todd Spencer after a year-long pause in construction. These buildings feature similar layouts to four of the five existing houses built two years prior. Each residence has an attached single-car garage accessed from a private road off NE Hoyt Street.
The two units under construction are the first of six homes backing NE Irving Street. Each structure will feature unobstructed northern views of Portland thanks to the 24-foot-tall retaining wall. Building the leveling infrastructure for this lot slowed early progress on the project, with costs exceeding expectations. When completed next year, the new 1,400-square-foot houses will be the first structures to take advantage of land created by the concrete embankment.
New construction at this site is encouraging after several years of slower-than-anticipated development. Building permits allow for a total of 15 units on this site, making it under halfway complete. As new units sell, the next wave of construction could begin. Look for the builder to complete work on the two newest detached condominiums in the first half of 2024.
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