2021 Minor and 2026 Fairview Ave. East, Seattle, Washington
Type: Residential and commercial
Completion: Scheduled for 2005
- 60 by 200 foot lot running between Minor and Fairview
- Charming 5,000-square-foot, two-story wood frame building
originally used as a paint shop.
To preserve the historic value of the existing building, while
adding new homes to the neighborhood and adjacent parking
PHASE 1: In 2001, we brought up to code and renovated the
interior of the existing building to create eight office suits,
then rented them to generate income until the economy improved
and the market was ready for new development.
PHASE 2: Construction of Lake Union Lofts is in the design
and permitting phase for five 2,000 square-foot townhouses
on Fairview Avenue overlooking Lake Union.
Private capital, Evergreen Bank
Approximately $3.7 million upon completion
Return on investment:
$4.8 million is the projected value upon completion