There are more signs that developers expect Capitol Hill’s building boom to continue and demand for apartments to remain steady if not continue soaring. CHS has learned details of a project moving forward to create a new four-story, 60-unit apartment building on 15th Ave E.
According to filings with the city, developer John Links of The Metropolitan Companies is moving forward on a plan to redevelop the lot currently home to Salal Credit Union in the 100 block of 15th Ave E across from Group Health. The planned building will stand four stories, be planned for 60 units and could have two levels of underground parking.
Preliminary work is being done by Caron Architecture. Caron’s work can be seen at this four-story 12th Ave development, these 10th Ave E townhouses, and in the plans for this E John apartment building.
The paperwork puts the project at about the same early point in its lifespan as this development CHS reported on last week that will create a five-story apartment building at the site of the Broadway post office. Construction is likely years away.
The plans, however, suggest that developers are planning to extend the current boom that is already in the process of creating thousands of new apartment units across Capitol Hill. Though not everybody is moving ahead.
15th Ave has seen its share of the boom with a cluster of new buildings at Pine and the project now underway on the north end of the commercial village after legal wrangling held up the four-story development’s construction for a time.
The new 15th Ave E development is moving forward as Group Health has announced it is planning major changes for its Capitol Hill campus with its new agreement with Swedish. Starting in 2016, Group Health patients will go to Swedish First Hill and Cherry Hill hospitals where they will be treated by Group Health. As part of the planned change, maternity services will transition to Swedish’s busy First Hill Birth Center.
Meanwhile, as either a reminder that all booms end *or* a harbinger of the possible next brick to fall on 15th Ave, the Key Bank parcel in the 300 block was lined up for a few years for a planned four-story, 45-unit condominium development back in the mid-2000s.
Then the global economy fell apart.