Blueprint Capital paid about $1.9 million three years ago to acquire a midblock development site at 8105 Greenwood Ave. N. Last week, with Cone Architecture, it received a master use permit for a six-story, 66-unit apartment project.
Also this month, the city’s Office of Housing announced that Inland Group of Spokane and Catholic Housing Services would be among the affordable housing developers receiving $60 million to help create about 600 units in six projects. (Other funding sources are also involved.) Inland/CHS will buy the 8105 Greenwood project; no closing date has been announced.
The project began life, before the citywide upzone last year, with four stories and 41 SEDUs (small efficiency dwelling units). It’s since been revised to its current size, also with SEDUs. No parking is included, but there will be 67 bike stalls. About 1,200 square feet of retail/commercial space will face Greenwood.
Inland Group will act as its own general contractor. The development team, pre-sale, also comprised: Root of Design, landscape architect; Riley Group, geotechnical engineer; Swenson Say Faget, structural engineer; and Emerald Land Surveying.
Total project size is about 27,667 square feet. The demolition permit for an old medical office building hasn’t yet been issued.
Separately, but also receiving Seattle Housing Levy funds from the city, Inland Group is partnering with Plymouth Housing on what they now call Ballard Crossing, with 81 SEDUs on the Corry’s dry cleaning corner in Ballard. They’ll purchase that polluted property from Pryde Development, presumably after a MUP is issued. Olson Projects of Spokane will revise the prior 35-unit plan by Clark Barnes.
The brokers for both the Ballard and Greenwood properties are Tim McKay, Dan Chhan and Sam Wayne of Colliers.
IMAGE CREDITS
Cone Architecture