For several years now we have seen a lull in new developments of any kind in Seattle. But recently Land Use Bulletins and Design Reviews for apartment buildings are on the rise. Where are these proposed buildings happening?
Let me tell you:
South Lake Union - 7 story building with about 300 residential units and retail covering the block between Pontius, Harrison, Republican, and Yale
Capitol Hill - 6 story building with residential and retail on 15th and Pine called Cameo
Belltown - 13 story building with 132 residential units and retail at 2700 Elliott (the site of what was once to be condos called Bellora 2)
University District - Two 7 story buildings with 372 residential units and retail at 12th Ave NE and NE 47th Street
Capitol Hill - 7 story building with 67 units at 418 Bellevue Ave E
Belltown: A twin tower project with 654 residential units and retail (to include coffee shop, pub, and small grocery) on 6th Ave and Lenora
Belltown: 26 story building with 310 residential units and retail on 3rd Avenue between Vine and Cedar (just East of Seattle Heights Condos)
Belltown: 17 story building with residential and retail on 4th Avenue and Cedar called Alto Apartments
And I am sure this is just the tip of the iceberg. Though people have mixed feelings about new developments in the city, I find it refreshing to see developers back in the business of developing as it points to a turn around in our market. With financing for such developments all but dried up for awhile there, this uptick in building could mean things are turning around.
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