By Jethro Swain
The COVID-19 crisis has churned up the waves of redevelopment hitting Capitol Hill and the Central District in ways we’ll be sorting out for your years.
If one planned 11th Ave development two blocks north of Cal Anderson is an indicator, the health and financial crisis may have snuffed out ambitious early plans from a roster of real estate startups looking to create projects in the neighborhood and change the way the country builds new housing.
The property, home to a three-story, 1963-built, nine-unit apartment building, was lined up to be the site of a Seattle project for Starcity, a San Francisco based co-living development firm.
Founded in the Bay Area, Starcity has developed properties in San Francisco, Los Angeles, and Barcelona. Their focus as a company is “to build affordable-by-design rental housing in cities that are experiencing a missing middle class,” and where rents exceed 30% of the area’s median income, according to Starcity representative Mo Sakrani.
The company fashions itself in the mold of WeWork and other new era real estate startups. It touts its co-living setups — familiar here in the Hill’s many microhousing developments — as benefits to be passed along to renters: Continue reading