Amazon, C&A Development Plan Capitol Hill Affordable Housing Project
Amazon and Seattle-based real estate development firm C&A Development announced the groundbreaking of The Pointe at Thomas Apartments in Seattle’s Capitol Hill neighborhood. C&A Development is jointly owned by CA Family Properties, founded by Super Bowl champion and former Seattle Seahawk Cliff Avril, and Cohen Properties.
Located at 228 11th Ave East, The Pointe at Thomas will provide 67 affordable homes for households. For the project, the Amazon Housing Equity Fund committed $6.7 million in low-cost capital. Seattle Credit Union acts as the senior lender and will provide $11.4 million in construction capital. SCU’s commitment to this development has been critical in bringing it to the community.
Prior to construction, the project received support through a Washington State Department of Commerce grant that reimbursed eligible pre-development expenses incurred during the planning and design phases. This reimbursement helped offset early-stage costs, strengthen financial viability, and support its advancement toward construction. Amazon’s housing fund has committed more than $900 million to help create and preserve more than 10,000 affordable homes across the Puget Sound region.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout