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Real Estate Buzz



Brian Miller
Real Estate Editor
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May 2, 2024

On the Block: Could a PDA save Third Avenue?

Our local chapter of the Urban Land Institute recently conducted a walking tour of Third Avenue, including its rather desolate stretch between Jackson and Stewart streets. From that shoe-leather slog, meeting some 30 concerned parties en route, came an April ULI report to the Downtown Seattle Association and city of Seattle. (The city, meanwhile, approved an upzone last fall for significant chunks of Third, to facilitate more downtown housing.)

It was only five years ago that Metro buses fully emerged from the former transit tunnel — now for light rail only — and took over Third. Cars have been barred during most hours for even longer. As a result, as many have noted, Third can feel like an inhospitable, roaring transit corridor where bus passengers hope to wait for as little time as possible before their coaches arrive. There are few other reasons to linger.


 
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