 Brian Miller Real Estate Editor |
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February 1, 2018
On the Block: How a small Belltown triangle suddenly shifted to affordable housing
Once adorned with nautical smokestacks, portholes and even a lighthouse, the one-story 1948 Felix Building has been a vacant teardown for several years. The triangular Belltown property, at 3010 First Ave., was sold to developers in 2015 for $1.9 million.
Their plan for the Encore Apartments was a six-story building with 48 small market-rate apartments over retail, no parking, and three levels of self-storage below grade.
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Previous columns:
- On the Block: Office glut? What office glut?, 01-25-2018
- On the Block: Office building planned for skinny Fremont site, 01-18-2018
- On the Block: U District parking barons to lease their lots for high-rise towers, 01-11-2018
- On the Block: Net-zero comes to Little Saigon, 01-04-2018
- On the Block: Bellevue church finds a space to build 63 affordable housing units — in the parking lot, 12-28-2017
- On the Block: Tax overhaul is a jackpot for commercial real estate — but the market still rules, 12-21-2017
- On the Block: Affordable housing developers say GOP tax overhaul could be ‘earth-shattering', 12-14-2017
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