The property takes advantage of the city’s Multifamily Tax Exemption program; the building will include 38 units that will be priced at no more than 30 percent of the Area Median Income for eight years.
Workers began demolishing Boomerang Therapy Works about three weeks ago; the business moved to a different location at 4201 N.E. 66th Ave.
“The lot was underused and it underserved the community,” Ritchie said, and once it’s done, he expects it “to be active as well. We’re expecting it to have a lot of life.”