271-Unit Atrium Court Housing Development Opens in Seattle
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.
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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
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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