Property Development

 

Seattle Tech Firms Push for Middle-Income Housing

Last week, Challenge Seattle, a group representing CEOs of Amazon, Microsoft, Boeing, Zillow, and other Seattle tech leaders, published a report outlining affordable housing solutions for the city. The group is lead by former Washington State Governor Christine Gregoire. The report lays out 15 recommendations designed to “move the needle” on the city’s affordability problem. […]

Seattle Mayor Makes New Pitch for Waterfront Funding

On Thursday, Seattle Mayor Jenny Durkan unveiled a new proposal for waterfront development, including a $160 million local improvement district tax (LID). The proposed tax is down 20% from a previously suggested $200 million on waterfront commercial and residential property owners. The final project will likely total $700 million and include parks, bike lanes, a […]

Sea-Tac Airport Gets Concourse Expansion

According to the Port of Seattle, Sea-Tac Airport has seen the fastest-growing number of passengers out of any major airport in the US over the last five years, with a 43% increase in passenger traffic during that time period. This rapid jump has led to delays and idling on the runway. While a new international […]

Downtown Seattle Construction on Rise After Winter Dip

According to a recent report from the Downtown Seattle Association, the summer of 2018 saw a rise in number of Central Seattle construction projects, with 65 active developments compared to the 57 seen last winter. Though this number is above the historical average, it falls short of the peak construction seen in the summer of […]

Vector to Build $45M Industrial Center in Convington

Vector Development has announced plans for Soos Creek Business Park, a $45 million distribution and self-storage facility in the King County suburb of Covington. The business park will feature two 130,000 sq ft industrial buildings as well as a 122,000 sq ft self-storage facility with 950 units. SynThesis has been reported as the architect for […]

East Link Bellevue Tunnel Nearing Completion

According to spokespeople from Sound Transit, the East Link tunnel under Bellevue should be completed by the end of the week. The tunnel, which extends 1,985 ft, will be part of a light rail line that connects Seattle to the Eastside area, connecting Mercer Island, Bellevue and Redmond. Passengers will be able to ride this […]

Proposed Justice Center Rattles Tukwila Community

The city of Tukwila in South King County has historically been exempt from Seattle’s rise in development. Cheap rents have made the city a destination for immigrant communities, most recently from Somalia. In the last few years however, the property boom to the north has begun to travel south. This re-development wave can be seen […]

Seattle City Council Approves Resolution For Local Improvement District

On Monday, the Seattle City Council approved a resolution to create a local improvement district (LID) along the downtown waterfront by collecting $200 million from nearby property owners. Washington state law allows cities to raise money for LIDs by taxing the property owners who stand to benefit the most. The proposed district would extend from […]

City Council Passes Sweeping Parking Reforms

On Monday, the Seattle City Council voted in a host of new parking reforms that have the potential to transform parking requirements in the city. The chief piece of legislation would broaden the definition of “frequent transit service,” potentially reducing off-street parking in many areas. Many council members touted the environmental benefits of reduced parking, […]

King County Warehouse Hosts Two Organizations that Fight Homelessness

Surplus warehouse space owned by King County located on Harbor Island will now play home to two organizations tasked with providing aid to individuals and families dealing with homelessness. The Block Project provides cottages that concerned citizens can place in their backyards to shelter homeless persons, providing a direct neighborhood solution to homelessness. The organization […]
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