November 18 Chapter Luncheon

When:  Nov 18, 2014 from 11:30 AM to 01:15 PM (PT)
Associated with  Washington State

Yesler Terrace: Partnership for Urban Revitalization

Please join CoreNet Washington at our November Luncheon for an illuminating presentation on Yesler Terrace: Partnership for Urban Revitalization. The existing public housing community at Yesler Terrace sits on approximately 30 acres just east of downtown Seattle. At more than 70 years old, many of Yesler Terrace’s buildings are at the end of their useful life and need replacement. The Seattle Housing Authority (SHA) will replace all 561 of the existing housing units so that both current and future residents can live in a community that is healthier and more sustainable, with enhanced education, employment and health care services.

In today’s environment of constrained financial resources, SHA cannot implement this project on its own. To raise funds for critical community improvements, SHA recently sold 3 blocks of land to Vulcan Real Estate, which will be developed into higher density market-rate and workforce housing. Furthermore, SHA has partnered with Kidder Matthews to market 4.41 acres of the community for up to 900,000 SF of urban office campus development. Having already completed the heavy-lifting of SEPA environmental review, SHA intends to attract a large employer to Yesler Terrace, boosting the economic vitality of the community.

Presentation Goals:

  • Learn how SHA is partnering with multiple stakeholders to revitalize Yesler Terrace—one of the most transformational initiatives currently underway in Seattle
  • Examine the role of corporate campuses as a catalyst for urban redevelopment and a focal point for community impact and relations

Presenters:

Stephanie Van Dyke is the Seattle Housing Authority's Director of Development. SHA’s mission is to enhance the Seattle community by creating and sustaining decent, safe and affordable living environments that foster stability and increase self-sufficiency for people with low incomes.

Stan Snow is a Senior Vice President at Kidder Matthews and has worked on some of the largest and most complex real estate transactions in Seattle, including the redevelopment of SODO Center (now Starbucks HQ), and the disposition of 33 Seattle Monorail properties.


Location

Bake's Place
155 108th Ave NE #110
Bellevue, WA 98004

Contact

Amy Robitaille
(425) 820-3348
amyr@commercialmls.com