PORTLAND, OR – Property once containing two small old Portland homes has been the site of a huge construction project over the past year and a half.
The two houses, both roughly one hundred years old, were located at 626 and 700 SE 39th Ave.
In August 2011, both houses were demolished. Neighbors reported that materials from the demolition were not salvaged for reuse.
Over the next two years, the lot sat vacant. There were at least two nuisance reports, citing transient activity and high grass and weeds.
Plans to develop the vacant land began in late 2012. The property is owned by UDG Alder LLC, which is a part of Urban Development Group, owned by Dennis Sackhoff. Sackhoff has been responsible for many of the new developments in southeast Portland, including one previously profiled by the Chronicle.
Construction began in 2013. The plans call for 108 units and 40 parking spaces. This suggests that the development is adhering to the formula laid out by the city for required parking (a complex with 108 units would need a minimum of 36 parking spaces).
In 2012, the Multnomah County assessor determined the lot’s real market value to be $459,240. By 2013, when construction was underway, it was calculated as $1,146,240.
The massive complex is currently still under construction.
