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Real Estate
 Brian Miller Real Estate Editor |
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December 3, 2020
On the Block: Sound Transit hopes to spur more affordable units — and homeownership — in the Rainier Valley
Sound Transit's large surplus properties near light rail stations have been — or are being — developed with affordable housing, usually after sale or transfer to nonprofit developers. Hundreds of affordable units are thus being created and planned near Capitol Hill Station, Roosevelt Station, Othello Station, Northgate Station, the Spring District, etc. — along with plenty of market-rate housing, too.
The Rainier Valley, for a variety of reasons, has lagged behind in the overall TOD push. However, that's gradually going to change, as the agency in late October conveyed 10 properties, totaling about 1.6 acres, to the city's Office of Housing.
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Previous columns:
- On the Block: Another pandemic winner? Life sciences, 11-05-2020
- On the Block: Another pandemic winner? It may be self-storage, 10-29-2020
- On the Block: Office shocks: from COVID-19 to BCAG possibly leaving Renton, 10-22-2020
- On the Block: Hotel woes continue, with most new projects on ice, 10-08-2020
- On the Block: From 'Hotel Hell' to safer hands?, 09-24-2020
- On the Block: Wanna buy a century-old movie theater? The Ark Lodge is on the market, 09-03-2020
- On the Block: Could Amazon's growth in 6 other cities actually be good for ours?, 08-20-2020
- On the Block: Three big properties hit the market, with a fourth supposedly sold, 08-13-2020