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The East Bayside neighborhood of Kennedy Park will have a new residential building in the near future. The 58 Boyd Street Project has all the City of Portland approvals and financing in place to move forward and start the demolish the former Kennedy Park office building and begin soil remediation at the 58 Boyd Street site, which is expected to start in February. New building construction will begin sometime in April.
The six-story building will feature 55 units, with a mix of efficiency units, 1, 2, and 3 bedroom units; and expanded community spaces to better serve the residents and create the feel of a neighborhood community. The affordable housing units will have subsidized rents based on the income range of 30% to 60% of Area Median Income. Ten units will have market-based rents.
We look forward to welcoming new neighbors in 2020.