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Mosier Creek
Mutual Life Building
Nicholas Court
Belltown Lofts
Fairview Lofts/Minor Office Suites
Hazel Lofts
Bertschi School
Artists Studios
Lake Union Lofts

Address: 2021 Minor and 2026 Fairview Ave. East, Seattle, Washington

Type: Residential and commercial

Architect: Arellano/Christofides

Completion: Scheduled for 2005

Property:

  • 60 by 200 foot lot running between Minor and Fairview Avenues
  • Charming 5,000-square-foot, two-story wood frame building originally used as a paint shop.

Objective:
To preserve the historic value of the existing building, while adding new homes to the neighborhood and adjacent parking lot

Project:
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.

Funding:
Private capital, Evergreen Bank

Cost:
Approximately $3.7 million upon completion

Return on investment:
$4.8 million is the projected value upon completion


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