PORTLAND, Ore. – A large apartment complex has been under construction on Southeast Ankeny Street since the fall, with one more story to go before it reaches its final height.
Photo credit: Portland Chronicle
Photo credit: Portland Chronicle
The property, previously covered by the Portland Chronicle in November, is owned by Dennis Sackhoff‘s Urban Development Group, which is working on a number of similar large complexes primarily in Southeast neighborhoods.
Photo credit: Portland Chronicle
The building will be five stories in all, with 50 residential units. It will include some amount of automobile and bicycle parking.
Photo credit: Portland Chronicle
Urban Development Group purchased the property in 2013 for $1,050,000. Before that it had most recently sold in 1995 for $95,000.
Photo credit: Portland Chronicle
Space was made for the apartment complex by demolishing several structures but preserving a 90-year old single-family residence.
Photo credit: Portland Chronicle
The structure on Southeast Ankeny Street is blocking sunlight across Ankeny at its current four stories, and will grow one more story before it is completed.
Photo credit: Portland Chronicle
Photo credit: Portland Chronicle
In November Urban Development Group received a permit to block the sidewalk in front of the property for three months. That permit expires Feb. 21.
Photo credit: Portland Chronicle
Photo credit: Portland Chronicle