The Ankeny Apartments Saga, Continued

The Ankeny Apartments Saga, Continued

In April, HFO wrote a blog post detailing the herculean effort developer Landon Crowell has put into getting his 17-unit apartment development on SE 11th and Ankeny approved. After going before the Design Commission five times only to have his project rejected, he appealed the decision to the Portland City Council. In April, the Council delayed giving an opinion, ultimately stating that a final decision would be made May 11th. No decision was made at that time, but this week the net-zero energy, transit oriented development was presented to City Council once again.

On June 22, Crowell presented the Council with a new plan, which incorporates input from the local neighborhood. The new plan eliminates two units, reduces the height of the building, and increases setbacks from neighboring properties. In response, the City Council expressed concerns that he didn’t make enough changes, while also arguing that the changes should have gone before the Design Commission prior to being presented to City Council. The Council plans to continue the hearing August 9th, over a year and a half after the developer first requested a pre-application conference in January 2016. Read more.

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com