Andrey Bolokhovskiy – Montavilla News

A recently purchased wooded lot at SE 76th Avenue and Division Street may soon host six new two-story townhouses. This 4,233 square foot parcel at 2401 SE 76th Avenue originally served as the side yard for the 1950-era home to its south. Five of the six residences will have an address on SE Division Street, with entrances opening onto a recently created TriMet FX2 bus platform. One unit is positioned with the front door on SE 76th Avenue.

Provision Investment Inc purchased this property in September 2021. It has changed hands twice since then and is currently owned by Montana Investments, a Limited Liability Company (LLC). That LLC has a single member, Andrey Bolokhovskiy, who also owns Provision.

For this site to support six homes, the developer would need to remove most or all of the trees on the property. That will significantly change the appearance of the corner and further transform SE Division into a constantly urban Street. This location will not offer onsite parking or curbside parking due to its proximity to a bus stop. However, housing in this location will have access to fast public transit right outside the front door of each new home. The permit applications still need to be approved, and the project could change before work begins. If approved, expect construction to start in the second half of 2023.

Jacob Loeb

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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.