Atrium Court, a new affordable housing and retail development located at 7324 Martin Luther King Jr. Way S. in Seattle, recently opened.
Located steps from the Othello Light Rail Station, the transit-oriented project brings 271 new apartment homes for working families and community-serving retail to one of South Seattle’s most diverse communities. The development was financed through a public-private partnership including a $15 million equity investment from the AIC CEI-Boulos Opportunity Fund, a joint venture between Allivate Impact Capital and CEI-Boulos Capital Management, and a $16 million below-market loan from Amazon’s housing fund.
The project was co-sponsored by O.Z. Navigator, a partnership between Housing Diversity Corporation and Nitze-Stagen focused on long-term community benefit in Seattle’s Opportunity Zones. Trez Capital provided $41 million in primary construction financing. The completed development supports permanent jobs in property management and ground-floor retail operations. The project was designed by Neiman Taber Architects and built by STS Construction Services.
The post 271-Unit Atrium Court Housing Development Opens in Seattle appeared first on Connect CRE.
​Â
