12th Avenue Arts

Seattle, WA (2012)

Capitol Hill Housing Improvement Program redeveloped an underutilized, City-owned parking lot into a 150,000 sq. ft. mixed use, transit-oriented development.

COMMUNITY IMPACT
  • 30 FTE jobs
  • 115 construction jobs
FINANCING SOURCES
  • NMTC Amount: $21,811,000
  • Total Project Cost: $24,006,964
  • CDE(s): Key Community Development New Markets, National Development Council
PROJECT LOCATION

1620 12th Avenue

Seattle, WA 98119

District:

Project Description

Capitol Hill Housing Improvement Program (CHHIP) will be redeveloping an underutilized, City-owned parking lot into a 150,000 sq. ft. mixed use, transit-oriented development. 12th Avenue Arts is the realization of a decades-long effort by residents to restore the cultural and artistic vibrancy of the community and will be a key component of the ongoing revitalization of the Capitol Hill neighborhood. The facility has 6,200 sq. ft. of affordable arts and performance theater space, 17,000 sq. ft. of office space for nonprofit groups, 6,000 sq. ft. of pedestrian oriented retail, 88 units of affordable housing and a secure parking structure with 111 parking stalls for the exclusive use of the City’s Police Department. The residential component of the project will be financed in partnership with NDC’s Corporate Equity Fund LIHTCs and tax exempt bond financing. NMTCs will be used to finance the non-residential component of the project.

  • Affordable Housing| Arts| Community| Historic Rehabilitation| Mixed-use| Mixed-use and Commercial| Theaters and Performing Arts Spaces| Transit Oriented Development

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