Vulcan Real Estate is busy prepping three mixed-use complexes in Yesler Terrace meant to invigorate the neighborhood while also providing affordable housing options. The first of those projects could be approved as soon as tonight when they take their plans for 123 Broadway before the design review board one more time. Plans for Block2E call for 194 apartments, one live-work unit, 2,387 square feet of retail space and 127 parking spots. Roughly 20 percent of the residences will be made available to tenants making less than 80 percent of area median income. A Vulcan rep tells DJC that they hope to begin construction on this project in the middle of next year and expect to finish within 20 months. Vulcan plans to build a total of 650 units across the three blocks.
The fear with this and all of the upcoming Yesler Terrace projects is that a section of Seattle that was home to low-income families will simply become the latest part of the city turned over to more-affluent residents. While the intention is surely to show off the quality of the project once it's finished, one can't look at the renderings and wonder whether or not that's what's coming.
· Vulcan shows plan for first block of apartments in Yesler Terrace [DJC]
· 123 Broadway [DPD]
· First Look at Vulcan's Plans For Yesler Terrace Redevelopment [CS]
· A Fresh Look At Yesler Terrace's Redevelopment [CS]