Mike McGinn, Mayor
3/14/2007 12:00:00 PM
Marty McOmber, (206) 684-8358
Todd Burley (206) 684-5081
City-funded Broadway Crossing Apartments Open
First ever joint partnership combining national retailer Walgreens with affordable housing
SEATTLE – Today marks the grand opening of Broadway Crossing Apartments, the first mixed use development to combine affordable housing with the national retail chain Walgreens. The project is the result of collaboration between Walgreens, Capitol Hill Housing, S.E. Grainger Development Group and residents of the Capitol Hill neighborhood.
“Broadway Crossing is proof of what can happen when a great idea meets an excellent opportunity,” said Mayor Greg Nickels. “Not only is this project providing much-needed affordable housing, it will help spur the continued revitalization of this neighborhood.”
Walgreens initially planned a one-story retail store for the Broadway and Pine location but altered the design to include affordable housing in the upper levels at the urging of the community. The nonprofit housing provider Capitol Hill Housing and area residents worked with the S.E. Grainger Development Group on the current plan that includes 44 affordable housing units.
“Walgreens took a risk to create something new that can be a model for other communities and other national corporations when coming to existing urban retail locations,” said Chuck Weinstock, Executive Director of Capitol Hill Housing.
The City of Seattle contributed $1.8 million in 2004 to help complete the $14 million residential portion of the development at Broadway & Pine. Other funding sources include $1.75 million from State Housing Trust Fund; Low Income Housing Tax Credits; Seattle Housing Authority Capital and Section 8 vouchers (19); and assistance from Sound Families. Capitol Hill Housing is partnering with Family Services for the Sound Families units.
Half of the development’s housing units are for very low-income residents including 9 for formerly homeless families. The rest of the units are for moderate income workers (those making about $27K or $32K a year). This project includes 10 Holly Park replacement units.
Following the City of Seattle’s SeaGreen Guide for Greening Affordable Housing – the first guide of its kind for subsidized housing – this development is also expected to earn LEED Silver status from the U.S. Green Building Council.
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