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A Portland developer has plans to add 104 apartment units in North Portland, slightly south of a 206-unit building under construction.

The Bureau of Development Services on Feb. 20 issued a construction permit for a five-story apartment building with at-grade parking and ground-level retail space at 3270 N. Vancouver Ave., near the intersection with Cook Street.

The property owner, according to information filed with the city, is Portland-based Cook Street Lofts LLC. The Oregon Secretary of State‘s business directory names Lance Inouye as a registered agent of Cook Street Lofts. Inouye is chief financial officer at PREM Group and formerly was CFO at Gerding Edlen Development Co. LLC.

The owner has hired Vancouver, Wash.-based Gaither & Sons Construction Co. for the $9 million project. Jordan Gaither of Gaither & Sons did not want to comment on the project without the developer’s permission, but city records indicate that the largest apartment will measure 788 square feet.

Across Cook Street from the project site – the former site of a Wonder Bread bakery – the 206-unit Cook Street Apartments is nearing completion. Sierra Construction Co. is building five stories of studios, one-bedroom and two-bedroom units over ground-floor retail space with underground parking for Lake Union Partners, a Seattle-based company that previously developed The Addy apartments at Northwest 18th Avenue and Northrup Street.