(Portland Modern Home Tour)

Northeast Portland’s Cully was in the spotlight for two reasons last week. The neighborhood received a grant of half a million dollars from the federal government to develop a 25-acre park on a former landfill. And a new home on NE Wygant was among 8 featured in the April 25 Modern Home Tour.

The two events may seem unrelated. But they are part of a larger trend. If this large, diverse and historically low-income neighborhood were a stock, analysts would surely give it a “buy” rating.

Three census tracts covering most of Cully were gentrified between 2000 and 2015, according to research profiled in this blog on February 26.

As its desirability grows, the neighborhood has attracted new investment and in-fill like the home on Wygant. The 2,800+ square foot property resembles a Craftsman on the outside, but its interior space offers high-quality modern…