Commercial Real Estate

Uptown Rezoned by City Council for MHA, Cultural Use

Uptown Rezoned by City Council for MHA, Cultural Use

The Seattle City council has passed a bill that will allow the Uptown neighborhood, alternatively called Lower Queen Anne, to be rezoned for mandatory housing affordability. The bill features a trade-off in building height for housing affordability. Most of the height increases are modest, though they will more than double in a few select areas near Seattle Center. In return, developers will be required to include a percentage of affordable housing (7-10 percent for residential projects, 5-10 percent for commercial projects) or pay a fine per square foot. In addition to the rezoning, the council passed two additional bills focusing on livability and cultural space respectively. The latter establishes Uptown as the third official arts and cultural district in the city. The council hopes to incentivize theaters, arts spaces, and schools in the community.

 

Image Credit: Joe Mabel (CC by 4.0)

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RT @SeattlesBanker: OCC seeks to raise appraisal thresholds for commercial real estate loans https://t.co/4MCDfFvzyD

RT @seattlepi: Commercial real estate sellers are trying some new angles in selling properties for development in Seattle. https://t.co/7dO…

RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i

Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL

Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS

Aros: Federal Center South Building 1202, Seattle, Washington. Commercial Real Estate #commercialre http://t.co/lRX2VhtOZ5

RT @bohamrick: 7 Apps Every Commercial Real Estate Broker Needs https://t.co/6OdRC3Fubg
RT @richdadedu: What Are The 3 Key Metrics For Commercial Real Estate? https://t.co/aciBdlr9FJ - Attend our next online training: https://…
RT @NAR_Research: Trends, opportunities, and potential speed bumps to look out for in commercial real estate #CRE: https://t.co/oaytzsvIbu…
RT @REoptimizer: 4 Myths About Commercial Real Estate...Debunked #CRE https://t.co/1UhWY0xkD1 https://t.co/kWJbGXhSMa
RT @SeattlesBanker: OCC seeks to raise appraisal thresholds for commercial real estate loans https://t.co/4MCDfFvzyD
RT @seattlepi: Commercial real estate sellers are trying some new angles in selling properties for development in Seattle. https://t.co/7dO…
RT @EW: ICYMI: Netflix says more #ArrestedDevelopment is in the works: http://t.co/ZbHdbixpKF http://t.co/Lqg5jBp69i
Address of Real Bluth Model Home REVEALED #ArrestedDevelopment: http://t.co/1qNT2TPwz0 http://t.co/gjcWN8U7HL
Art Stable, by Olson Kundig Architects, Seattle, Wash. The live/work loft project includes a seven-s http://t.co/6Oi9pWs1BS
Aros: Federal Center South Building 1202, Seattle, Washington. Commercial Real Estate #commercialre http://t.co/lRX2VhtOZ5