Spectrum Development Solutions recently bought a half-acre site on 12th Avenue and Yesler from the Seattle Housing Authority for $2.88 million and plan to build the six-story, 120-unit apartment building pictured. It's just one of quite a few changes that are coming to Yesler Terrace as the neighborhood reinvents itself.
The building will have 3,000 square feet of retail space on the ground floor as well as parking for residents & guests. Many of the apartments themselves will be made available to people who need it most.
Jake McKinstry with Spectrum Development Solutions says the apartments are designed to offer workforce housing in the neighborhood geared towards nurses, teachers, emergency responders and others employed in Seattle's downtown area. McKinstry says they also plan to devote 25 percent of the units for people earning 80 percent or less of the area median income.
There will be a public meeting at 8 p.m. on February 13 at Seattle University (901 12th Ave., inside Room 210 of the Student Center) to discuss the designs and plans.
· Early designs, details released for first private Yesler Terrace development [KOMO]