First of 570 apartment units open to tenants in Silverdale development "The 18-building multifamily development at 11501 Clear Creek Road SW in Silverdale will open in phases through mid-2025." (Puget Sound Business Journal)
Developer Buys Land Northwest of Seattle for Planned Apartment Project "Active Apartment Builder Across Region Plans 438-Unit Project in Silverdale, Near Bremerton "(CoStar)
Affordable U District Tower Will Be Seattle’s Tallest Mass Timber Building "In April, the Low Income Housing Institute (LIHI) announced plans – in partnership with Sound Transit and the Seattle Office of Housing – to build a 12-story mass timber affordable housing complex near U District Station. Though it’s still in the early design stages, the early plan envisions 160 homes serving families and individuals earning between 30% and 80% of area median income (AMI). At 12 stories, it would be the tallest mass timber building in Seattle." (The Urbanist)
Capstone pivots to 27-story apartment tower in downtown Bellevue "First it was going to be a downtown Bellevue hotel and condo development from Fana Group. Then only condos. Then the midblock property at 305 108th Ave. N.E. sold to Capstone Partners, which toggled to offices. That plan has been quiet for about two years now, owing to a very depressed post-pandemic office market — and high borrowing costs." (SDJC)
Seattle's surprising place for housing bargains: Downtown "That is a big change. For years, you could bet on the fact that homes in downtown Seattle would be more expensive than the city average. That’s because people were willing to pay more to live near work and cultural amenities....Since the pandemic, however, that reliable pattern flipped on its head, according to an analysis by real estate data company Property Shark." (KUOW)
