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260 housing units, retail proposed in North Portland redevelopment

The Oregonian

July 1st 2013

A Seattle real estate firm has proposed a housing and retail development that would bring 260 apartments and townhouses to Portland's Boise neighborhood.

Security Properties of Seattle, through Portland-based Myhre Group Architects, has scheduled a meeting to present its plans to the city before applying for a building permit. It's an early stage in the development process. Bumgardner, a Seattle design firm, has also been involved in developing the site plan.

The plans call for a three-story residential building facing North Vancouver Avenue and five- to six-story apartment buildings with ground-floor retail mostly facing North Williams Street. The buildings would be constructed over a 280-stall underground parking garage.

The site at 4134 N. Vancouver Ave. - a full block bounded on other sides by Skidmore, Williams and Mason - is currently occupied by a one-story commercial building that operates as an incubator for the Oregon Association of Minority Entrepreneurs. That organization is likely to stay in place during the redevelopment's design phase.

An existing one-story building on the site's southwest corner would remain.

Security expects to buy the property in a site that would close in the fall, spokeswoman Jeanne Muir said. The firm has already met with representatives of the Boise and Humboldt neighborhood associations, she said.

Security also owns the Honeyman Hardware Lofts in the Pearl District.

The area near the proposed project is in the midst of an apartment construction boom. On the other side of North Williams Avenue, Ruben J. Menashe Inc. is preparing to build a 76-unit apartment and retail project, The Mason-Williams. A 196-unit apartment building is planned several blocks south at 115 N. Cook St., next to a New Seasons grocery store nearing completion.