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to Section One | to Arts & Entertainment
posted Friday, June 15, 2018 - Volume 46 Issue 24
Seattle AIDS Memorial Pathway to celebrate groundbreaking Tuesday, June 19
Section One
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Seattle AIDS Memorial Pathway to celebrate groundbreaking Tuesday, June 19

by Tim Peter - SGN Contributing Writer

The Seattle AMP: AIDS Memorial Pathway (AMP) will break ground Tuesday, June 19, in conjunction with developer Gerding Edlen at the Seattle Capitol Hill Station on Broadway. To honor this important milestone, a celebration will be held on the site of the future public plaza, near the intersection of Broadway and Denny from 5pm to 7pm. The event will feature food and drinks from local purveyors, live music and a pop-up farmers market. The event is hosted by project partners Gerding Edlen, Bentall Kennedy, Capitol Hill Housing, Sound Transit, Capitol Hill Champion, Capitol Hill Neighborhood Farmers Market and The AMP. The community is invited to join the celebration of this major achievement.

The groundbreaking celebration marks the commencement of construction for the Capitol Hill Station Development, a long-awaited and transformational project for the Capitol Hill neighborhood. Located atop the Capitol Hill Light Rail Station, the transit-oriented development includes four buildings and will provide 428 apartments, including 178 affordable apartments, approximately 30,000 square feet of ground floor retail and 210 underground parking spaces. The development will also include a community room available to the public and a public plaza that will serve as the home of the Capitol Hill Neighborhood Farmers Market as well as a venue for other community events. The project will be highly sustainable and is targeting a LEED (Leadership in Energy & Environmental Design) for Homes Platinum Certification. The project is slated to open in the second quarter of 2020.

The Capitol Hill Station Development is a Federal Transit Administration Joint Development project being developed by Gerding Edlen, which was selected by Sound Transit to be the Master Developer of all four sites. Sound Transit will lease Sites A, B-South and C to Gerding Edlen and sell site B-North to Capitol Hill Housing, Gerding Edlen's co-developer on the site. Gerding Edlen's joint venture partner on Sites A, B-South and C is Bentall Kennedy's U.S. Core Fund, who shares Gerding Edlen's passion for responsible property investment and sustainability.

The project is mixed-income; 42 per cent of the units will be leased at below market-rate rents. Site B-North will be owned and operated by Capitol Hill Housing. It will include 110 apartments affordable to households that earn at or below 30 per cent, 50 per cent and 60 per cent of the area median income. The apartments will be a mixture of studios, one, two and three-bedroom units. The project is made possible thanks to the Seattle Office of Housing, which committed $8.7 million in financing through the 2009 Housing Levy, as well King County, which committed $4.7 million toward construction. Impact Capital and KeyBank provided critical pre-development funding.

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