August 28, 2019 Page 5 House Demolished for Hotel Economic forces transforming neighborhood by m iChael l eighton p ortlanD o bserver e Ditor The demolition of a house used for of- fice space to make room for a new 5-unit hotel is a clear sign of the economic forces and gentrification changing the character- istics of historic black neighborhoods in inner north and northeast Portland. Located in the Humboldt Neighborhood at North Vancouver and Alberta Street, a once majority black neighborhood that has lost a big chunk of its diversity over the past couple of decades, the former 2-story structure came tumbling down last week, just 14 years after it was built and became an office for the black-owned Ernest J. Hill Jr. Insurance Agency which has moved to another location. The incoming new three-story hotel will also include office space and rise above an existing commercially-zoned lot of just 1,788 square feet, less than half the size of a stan- dard residential lot, records from the Portland Bureau of Development Services show. photo by D anny p eterson /t he p ortlanD o bserver A two-story house at North Vancouver Avenue and Alberta Street that was constructed just 14 years ago but ended up provid- ing office space for the Ernest J. Hill Jr. Insurance Agency was demolished last week to make room for a new 5-unit hotel. The hotel is estimated to cost $1.1 mil- lion to build. The contractor is YK (Yorke and Curtis) Building Excellence, a build- er of new modern apartment buildings in other parts of the city, including a 34 unit complex at Northeast 19th and Alberta. While located is in a historic residential block, and also facing a state Employment office across the street, the commercial zone allows some of the greatest flexibility on building plans with no parking require- ments under city code. The property was purchased for $450,000 for redevelopment in 2018 by Aaron and Meghan Saito of Lake Oswe- go. The previous sale price for the property was $239,000 after the former home on the site was constructed in 2005.