Paul Allen’s real estate company, Vulcan, is set to buy three blocks along the Yesler Terrace from the Seattle Housing Authority, reports seattlepi.com. Vulcan plans to develop the property into three housing developments, part of which will house families earning 80 percent of the area median income. This is part of a larger effort to transform Yesler Terrace into a more mixed-income community, according to the Seattle Housing Authority. The developments are estimated to have 650 living spaces with more than 300 low-income housing units. The first building will go up on the corner of Broadway and Yesler and construction is scheduled for early 2016. — T.W.
Vulcan planning Yesler Terrace housing
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By Taylor Winkel
Taylor Winkel is a Journalism and Political Science student at the University of Washington. Follow her on Twitter: @twinkelnews. She can be emailed at Taylor.Winkel@crosscut.com.
Taylor Winkel is a Journalism and Political Science student at the University of Washington. Follow her on Twitter: @twinkelnews. She can be emailed at Taylor.Winkel@crosscut.com.