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Six-story apartment building at 13th and Madison unthawed as Cap Hill market picks up

Here’s another sign of thaw on Capitol hill after an icy economic storm slowed real estate development around the globe in recent years. Joining the work beginning soon in the People’s Parking Lot and the demolition underway at the site of the future home of East Madison’s Cascadia Center, demolition is beginning at the old Precision Tune building as work starts to construct a mixed-use project that’s been frozen in time since its design was approved in September. 2009.


The 1222 East Madison project will create a a six-story building with 6,100 square feet of retail, 106 apartment units above, and parking for 50 vehicles. The design has sat on hold since approval in September 2009 when developers simplified complicated corner elements, removed a planned corner entrance and agreed to change their plans regarding some of the residential units. Perhaps the biggest compromise: developer Wallace Properties and Baylis Architects agreeing to drop an orange color grid design from the building’s surface. CHS also wrote these prophetic words back in 2009 when covering that approval:

An early rendition of the “complicated” corner

 

Now to keep an eye on actual demolition and construction process. As we’ve seen recently, design approval doesn’t necessarily mean these projects get built as economic fits mean challenges for financing and making these plans reality.

More than a year later, the demolition paper work is in and the fences are up at 13th and Madison.

The project is slated for the lot where Precision Tune now sits. It is located immediately east of the Trace Lofts and just south of the Elysian Brewery. On the north side, it abuts a parking lot that could itself be developed in the future.

In 2009, Wallace Properties told CHS of a business plan that focused on what it called “workforce” housing that would be affordable to those making the county’s median income or less. At the time, they expected rents in the neighborhood of $1,200/month. We’ll have to check back in with the developer to see how plans have changed.

In December, we noted an analysis that showed a huge jump in active construction projects to build apartment developments around the Puget Sound as measurements of demand continue to rise. That study found that Capitol Hill had the lowest vacancy rate for existing apartments in the Seattle area at 3.61%.

Not surprisingly, other Hill developments that were in progress years ago are suddenly back in motion. We’ll have more shortly on next week’s design meeting set to rekindle the project that will replace B&O Espresso’s current home.

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23 thoughts on “Six-story apartment building at 13th and Madison unthawed as Cap Hill market picks up

  1. I can’t remember if this project was already in the planning phase when Trace started selling. But I was being a little facetious in my comment (even though what I said is true).

  2. I believe this was being planned as Trace N was finishing. I am still shocked about how little research condo owners do on parcels around them when they buy. Esp in neighborhoods like Cap Hill, where almost all the zoning is for tall buildings. Definitely a bummer if you are on that side of Trace.

  3. I have lived on Capitol Hill for almost 20 years (Yes, I am approaching 40, but still hip enough to go to clubs). It has always been “THE” Hill to those in the know & never ever – until recently anyway – “Cap” Hill.
    This is not a term of slang I heard until two years ago, and almost exclusively in this blog. It is repulsive. If you must move to Seattle, learn to back angle park, recycle, (really, its not rocket science!) and stop & listen to true natives & long-time locals. Adopt their terms (nothing gets a bigger laugh from us than mispronouncing Puyallup)and adapt to our lifestyle, or leave again thanks. (this includes no “shoulder-check” behavior on sidewalks & Not being a homophobe on Our Hill)

  4. I need a short variant of Capitol Hill for headlines,etc. that *also* works as an adjective. At least I didn’t try to pull any ‘CapHill’ type BS with the nickname!

  5. Even more annoying than the phrase “Cap Hill” is people telling us “non-true” natives to park, act, and handle our garbage the way you do or we’re not welcome. Grow up.

  6. I’ve lived on Capitol Hill for 10 years and, while I’ll say “The Hill” in spoken conversation, I absolutely reserve the right to refer to it as “Cap Hill” when typing (and any other time I damn well please, for that matter).

  7. Wow this attitude is so arrogant, it isn’t even Seattle! For someone who is nearly 40, you’re acting more like 12 for getting upset over the name some people refer to the neighborhood. Grow up.

  8. All aspects of life are continuously changing. You can either decide not to appreciate that and think that “your way” is the right way or you can accept that like you getting older the city is changing as well. Don’t impose your values on others it makes you seem ignorant. People have the right to make decisions based on their own values not someone else’s. You would think that being 40 you may know this by now.

  9. …. hey, exactly right. It is the Hill.

    Simple. Easy. The tradition. Going way back. Remember we live on the auxiliary neighborhood to downtown, hence the ease of – the Hill, just blocks up the main streets of downtown running easterly.

    All of you who can’t handle that, call it as you wish, and sound just a little foolish …or a lot foolish, depending.

    And Yakima ….. learn to say that as well.