Recovering Alameda real estate market means an increase in construction activity

Alameda residents have been building, rebuilding and changing the neighborhood now for more than 100 years. While most of the initial home construction in Alameda took place in the 1920s, a look back through historic building permits reveals a constant stream of repair, remodeling and renovation. History-inclined neighbors with an appreciation for period detail will agree that some of this work has been for the good, and some…well. That’s life: change is the constant.

This spring, change continues to shape homes here in Alameda. A strengthening real estate market, low interest rates and an improving overall economy have meant homeowners and developers are more willing to invest in work.

Alameda and other nearby northeast Portland neighborhoods have experienced an 18.4 percent increase in real estate values over last year at this time, according to the Portland Business Journal. In the first quarter of 2013 alone, there were 62 pending and closed property sales in the neighborhood. The result of this strengthening market is plainly visible in the form of renovations, additions, complete tear-downs, and partial re-builds.

Here are a few of the visible projects we’ve seen progress on during our walks through the neighborhood. Not an exhaustive inventory of major works underway, but a list of interesting projects to watch.

28th and Hamblet

As of mid-May, this double lot just north of the Alameda Ridge is a hole in the ground where once stood a stately 1922 Mediterranean style home built by Frederic Bowman. The home was demolished in February, and the lot subdivided in two. As a demonstration of Portland’s policy on infill development and the improving market conditions, developers of this project closed the door on the possibility of adaptively reusing the original structure, subdivided the lot, and decided to start over from scratch. Neighbors had to say farewell to the historic home, and now get to watch as construction of two houses unfolds—both with architectural styles that will attempt a linkage with the past.

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37th and Bryce

OK, it’s technically just east of the Alameda neighborhood, but it’s a particularly interesting project to watch because the new structure is using some of the original materials and structural elements. We watched as the house was disassembled this spring and it looked like much of the original building material was stacked and recycled (unlike the demolition at 28th and Hamblet). Entire interior partition walls are being repurposed, and even window headers and doorframes now feature some old and some new material. Original foundation walls have been retained and new sections added. We remember this as a bungalow.

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This home at NE 37th and Bryce presents a reuse of existing structures and new materials. The old framing lumber appears dark in this picture, and new material is a lighter color.

Image 3A detail of the home at NE 37th and Bryce showing the original foundation, exterior wall and flooring system (left), joined with a new foundation and materials (right). Construction and remodeling projects across the neighborhood this spring are using a range of old and new materials.

21st and Regents

This corner bungalow has received a major facelift this spring. In the past, this house has been unsure if it wants to address the 21st Avenue side or the Regents side. Today, the house connects with both streets in its unusual position at the prow of the neighborhood. Siding, landscape and other upgrades are apparent.

30th Avenue, south of Fremont

Major reconstruction work on the bungalow on the west side of the street in the first block south of Fremont has removed the former Mansard-style roof (which was not original), expanded the footprint, and added back several traditional design elements including columns and a new front porch.

Alameda and Regents

Elements of the original house were retained and blended with a major expansion to the north, a new front porch (still underway), a completely new roofline and exterior shingles on the upper storey.

Mason and 27th

Work on this house is almost done now, but has involved a complete restoration both inside and out. Most of the original fabric of the home is still intact. This has been another interesting one to watch this spring.

One thing is for sure: in a neighborhood of older homes and with an improving real estate market, continued investment and renovation will shape the neighborhood. Do you have favorite home restoration projects you’re watching?

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