CHS has received a lot of questions about why this 1909 foursquare is rising above its lot in the 1100 block of 10th Ave E. While the project isn’t big enough to make our development map showing the nearly 30 big apartment buildings under construction around Capitol Hill, it is a sign of the changes underway in various neighborhoods as developers and landowners look to take advantage of the unprecedented demand for housing in the central city.
According to permits filed for the property, the house is being lifted and moved on its lot to make room for a two-unit townhouse and attached garage that will be added to the property. It’s a project involving Bradley Khouri’s b9 architects. Khouri is apparently becoming the go-to guy for similar development. We reported on this project involving Khouri to move a home and add row houses on 18th Ave E in 2013. Our report earlier this year on “an explosion” of row house development in the area is here.
The slate of new townhouse-style projects comes at a time when single family homes are mostly out of reach to the average Capitol Hill resident and the condo market around Capitol Hill is in desperate need of new blood, according to local real estate experts. Meanwhile, growth proponents hope for the Hill to build its way out of soaring rents.
The 10th Ave E house was purchased by a corporation registered to a Lynwood real estate investor last June for $826,000, according to King County records. One of the three-bedroom townhouses at the 18th Ave E project currently is listed at $655,000. All three units appear to still be available to prospective Miller Park residents. The 18th Ave E house was expected to be sold for around $700,000.