Corner of SE 50th & SE Division
Posted on July 9, 2015 by Staff
PORTLAND, Ore. – A three-story apartment complex has been applied for on the site of a 113-year-old house in the Richmond neighborhood of Southeast Portland, two blocks from a planned demolition-related protest later this week.
As reported by the Portland Chronicle in March, a 1902 house located at 5134 SE Division St. sits on the lot proposed for new development.
Since publication of that article the city received an application for demolition of the two-story 2,085-square-foot home on April 17. The permit was subject to the 35-day demolition delay, as even though the application was submitted prior to new demolition regulations taking effect the delay was activated as the developer plans to replace the home with multiple new units.
The property is owned by Division Street Flats LLC following a sale on Feb. 23 for $660,000. Division Street Flats LLC is registered to Urban Asset Advisors LLC, which in turn is registered to Tim O’Brien. Urban Asset Advisors is also working on a six-story building in the central east side.
On June 29 the Bureau of Development Services received an application for construction on the site of the 113-year-old home, for a three-story 14-unit apartment complex with underground parking. The listed contractor is Erik Opsahl of Rainier Pacific Development LLC.
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