Affordable housing developer breaks ground on 50 units near Seattle U
Seattle-based affordable housing developer Great Expectations LLC recently broke ground on its 50-unit Betula House at 355 15th Ave., near Seattle University and Swedish's Cherry Hill campus.
The four-story, 25,000-square-foot apartment building will consist mostly of efficiency units, plus around 14 one- and two-bedroom units, according to design plans filed with the city.
The project was originally permitted as a three-story structure under a different owner, according to the Daily Journal of Commerce. The developer acquired the site for $2.7 million in December and revised the project to add a fourth floor under recent changes to Seattle’s zoning code.
Work is expected to be complete in late 2022. The building will have no parking for cars, but 51 storage spaces for bikes. Public records indicate there will be retail space on the ground floor.
Ten of the units will be affordable under the city's multifamily property tax exemption program.
https://www.bizjournals.com/seattle/news/2021/11/23/great-expectations-breaks-ground-on-50-units.html
