There just aren’t many others like it. Another of the Pike/Pine preservation incentive boosted development projects has changed hands for a mostly unheard of sum. Pike Motorworks — built on the bones of the old E Pike BMW dealership and garages and now one of the largest apartment buildings on Capitol Hill — has sold for $128.3 million.
In the transaction, developer Arizona-based Wolff Co. has cut its ties with the neighborhood. In 2015, it cashed out of another preservation-incentive boosted project at 11th and Pine as it sold off the Sunset Electric development for $41.6 million to nationwide player ASB Real Estate Investments and its $5.7 billion portfolio spread across the U.S.
A similar new owner now moves in at Pike Motorworks as Boston-based TA Realty adds the property to its $28.2 billion in assets. Continue reading
In a neighborhood full of construction cranes, you might be looking at the Capitol Hill sky a little differently after Saturday’s terrible accident on Mercer. But with a development wave of more than a decade reshaping Pike/Pine and Broadway, reported incidents involving cranes and Capitol Hill construction sites have been few and far between.
Most incidents CHS has reported on over the years have been minor and fortunately there have been few injuries. In 2013, for example, a crane working on the 12th Ave Arts building dropped a bundle of shoring beams. Nobody was reported injured and the project was not significantly delayed by the incident.
Beyond cranes, the neighborhood’s construction sites have only been the location of a handful of significant emergency situations over the years. Continue reading
Still only a massing proposal and a design concept, this is what could rise next to the Knights of the Columbus building
Here is the first look at early design proposals for the two projects that will work together to shepherd the newly landmarks protected Knights of Columbus building into its new adaptive reuse future and add more than 150 new apartments to the block at Union and Harvard.
Design review: 704 E Union St and 722 E Union St
The projects from developers SRM Development and the Runberg Architecture Group will begin the city’s design review process with a joint session Wednesday night. Continue reading
Part of the pitch for the “Capitol Hill Development Site” from JLL
A Capitol Hill land deal so large it takes multiple real estate industry rags to track down all the details has gone down, putting a block of commercial buildings and the home to a popular neighborhood event space along E Olive Way on the road to redevelopment.
The Seattle Daily Journal of Commerce and Puget Sound real estate industry chronicler The Registry have both reported portions of the deal that will put “half an acre” of Capitol Hill commercial property under the control of “Vancouver, Canada-based real estate investment and management company” Low Tide Properties. The registry tallies a price tag of $16.9 million for two of the “office buildings” while the DJC puts the complete deal at $21 million.
The “Capitol Hill Development Site” has been a prime target for investors after the large block of properties just off E Olive Way was brought to market for its longtime owners by the Jones Lang LaSalle firm. Continue reading
Wednesday night’s session of the East Design Review Board will represent another step in the block by block transformation of Capitol Hill with two projects that will create nearly 100 new homes including new condos on Belmont and new microhousing on Boylston.
301 Belmont Ave E
A new condominium project is coming to this corner just below Broadway replacing a 1908-built fourplex.
301 Belmont Ave E
The plan from a group of investors including OLT Capital and the architects at Wokshop AD calls for a seven-story, 34 condo unit project that will include one unit meeting “the City’s affordable housing incentive criteria” affording the project its extra height and scale under pre-Mandatory Housing Affordability incentives. The developers purchased the property last June for $2 million. Continue reading
- 1888 Plat of Werett’s Addition to the City of Seattle
- 1905 Baist map of Werett’s Addition
- Werett’s Addition in 1912 Baist page 4
- Animation of change to UMadBro, the Madison-Broadway-Union triangle (Tom Heuser)
This is the start of a history of 953 E Union, that rundown building at Union and Broadway Court destined for demolition.
It is easy to miss that old house. Its walls, roof, doors, and windows are all painted in a particularly unnoticeable black. If not for the simple, unexpressive sign hanging outside none of us would know it held Complete Automotive Detail for many years.
It is much older than the city thinks, though: 1900 rather than 1918. A close look at its history reveals a surprising view into early settlement, residential development, and the rise and staying power of Auto Row.
In Part 1 we’ll look at how the surrounding streets came to be. Until recently, it’s an area no one needed to talk about for decades, surrounded by Union, Madison, and Broadway. Let’s call it UMadBro. Continue reading
A resident at The Chateau and the building’s long-broken lift
District 3 representative Kshama Sawant was back outside The Chateau apartments Wednesday to announce victories for the building’s tenants and what she says is a tenants movement in Seattle inspired by the work of her City Council office and her Socialist Alternative political group.
Sawant’s Wednesday rally also included an unusual finale — a four-member team from the Seattle Department of Construction and Inspections there to follow-up on a massive roster of repairs identified in what has become a staircase by staircase, frayed wire by frayed wire, and missing and or defective smoke detector by missing and or defective smoke detector battle pitting the city councilor against developer Cadence Real Estate.
Calling the 19th Ave building and the Central District the “core of Seattle” and the “epicenter of the crisis of economic evictions,” Sawant announced that her efforts to shed light on Cadence’s acquisition and planned redevelopment of the Section 8 building had “forced” the developer to meet with residents and make several concessions including allowing the Section 8 tenants to remain in their units in coming years until the building is eventually demolished to make way for a new microhousing project with 73 “small efficiency dwelling units.”
Sawant also announced what she said was an “unheard of concession” — $5,000 from Cadence to every household living in the building on top of legally required relocation assistance. The small group of tenants and representatives from groups like Be:Seattle that have also been working with the building’s interested residents gathered with Sawant cheered at the notion of the $5,000 checks. Sawant said the agreement with Cadence, as of Wednesday, still needed to be written down. Continue reading
Seattle YIMBYs are still basking in the fuzzy afterglow of victory in the expansion of the city’s Mandatory Housing Affordability plan and upzoning in its densest neighborhoods. But there is one District 3 front in the city’s war over development where neither side is ready to declare a winner even though it seems the battles could finally be over.
In late February, the Seattle Hearing Examiner ruled in favor of developer Velmeir Companies that its plans for a six-story, mixed-use apartment building, anchored by a new PCC grocery store in the heart of Madison Valley were in line with the State Environmental Policy Act. Community group Save Madison Valley had asked the examiner to reverse design review approval and the city’s determination on the project’s environmental impact and require the development to undergo new rounds of costly, time consuming review,
But officials at Velmeir aren’t ready to celebrate a groundbreaking. Continue reading
CHS began the week with coverage of hope for a new start in the Central District with the opening of the equitably developed affordable housing and mixed-use project, the Liberty Bank Building. We also noted that Africatown and nonprofit developer Capitol Hill Housing were looking forward to another possible collaboration with a new Africatown Plaza project at 23rd and Spring.
But CHH’s next addition to the area’s housing mix will come at Capitol Hill Station.
Station House will create 110 homes affordable for “working families” – people making roughly between $19,000 to $55,000, depending on family size. “Units will be a mixture of studios, one, two and three bedroom units,” Capitol Hill Housing says. “The first floor will include a 1,400 square foot community space open to the neighborhood.”
The project is currently under construction at 10th and John on the northeast corner of the housing, community plaza, and retail development rising around the light rail station. CHH says the final concrete deck will be poured in early April and then the wood framing will go up. The project is currently expected to be complete in spring of 2020.
Capitol Hill Housing is also working on plans for new affordable, LGBTQ-friendly housing for low-income seniors at 14th and Union.
Last week, Seattle Mayor Jenny Durkan signed the city’s new expansion of its Mandatory Housing Affordability expansion into law in the lobby of Capitol Hill Housing’s 12th Ave Arts building.
More than 100 new affordable homes — and the start of what many hope will be a wave of equitable development across the Central District — are now full of life in the Liberty Bank Building. The development led by nonprofit developer Capitol Hill Housing and community development group Africatown celebrated with a ribbon cutting, party, and tours Saturday at 24th and Union.
“This neighborhood and this street means so much to me,” building contractor, neighborhood activist, and, now, Liberty Bank Building resident Ted Evans said. “It’s just surreal to be able to live here and raise my son and be part of this redevelopment and being part of this creation that we’re starting, you know, to bring it back home. This is where I started — I was born here.”
“There is power here,” Evans said. Continue reading