What reporters have written about our buildings and about the Seattle housing market. Each summary links to the original article.
Seattle Daily Journal of Commerce · · Brian Miller
Construction has started on Trestle, a six-story, 70-unit apartment building by Eastlake Real Estate Partners at 4529 Sand Point Way NE, just south of the Burke-Gilman Trail. The report traces the site's long path from a vacant lot to a permitted project and notes a 60-foot madrona kept on site and a WaFd loan of more than $23 million.
Puget Sound Business Journal · · Akielly Hu
Eastlake Real Estate Partners said it would finish excavation and shoring at Trestle, its 70-unit project at 4529 Sand Point Way NE, then wait for Seattle to decide on cutting Mandatory Housing Affordability fees before pulling its next permit. The fee would be about $850,000 there and $1.4 million on its planned building at 2727 Boylston Ave. E.
The Eastlake News · · Nick Harrison
The neighborhood paper reports that the public stairway built with Flow Eastlake, linking Fairview Avenue E. to the bus stop on Eastlake Avenue E., stayed fenced off for a year because WSDOT had leased the lot at its top for construction staging. Soon after WSDOT told the paper the lot would stay closed, the fence came down.
Puget Sound Business Journal · · Marc Stiles
The Business Journal profiles Flow Eastlake, a 103-unit building at 3150 Fairview Ave. E. that Eastlake Real Estate Partners built on a former laboratory site below Interstate 5 after securing a shoreline variance. The nearly $40 million project came through the pandemic, rising interest rates and a concrete strike, and added a public stairway and bioswales that treat freeway runoff.
Puget Sound Business Journal · · Marc Stiles
Inspire's co-developers, Brett Phillips and Mike Yukevich, said 41 of the building's 42 units had leased at rents above their targets, even though it opened the week Washington's stay-home order began. The article describes the solar array and other features meant to supply 105% of the building's energy and compares Inspire with Ellie Passivhaus on Queen Anne.
Seattle Business Magazine · · Nat Rubio-Licht
Inspire, the 42-unit, all-electric building at 3825 Bridge Way N. in Fremont, was 97% leased within six months of opening in March 2020, the same week the state's stay-at-home order took effect. The article covers its 244 rooftop solar panels and its place as the first residential building to pursue Seattle's Living Building Pilot Program.
The Seattle Times · · Gene Balk
Census Bureau estimates showed Seattle gained about 17,750 residents between July 2021 and July 2022, a 2.4% increase that made it the fastest-growing of the 50 largest U.S. cities. The column notes that the rebound followed a pandemic-era loss and that King County outside Seattle lost population over the same year.
The Wall Street Journal · · Josh Zumbrun
Estimates of the U.S. housing shortage run from about 1.7 million to 7.3 million homes, and the article explains that the spread comes from asking different questions, such as whether to count all households or only homes affordable at certain incomes. It compares methods from Realtor.com, Fannie Mae, Up for Growth and others.
Puget Sound Business Journal · · Neetish Basnet
A McKinsey & Co. study found Seattle-area workers were 38% more productive than the national average in 2019, up from 16% in 2007, and that the metro's real GDP per employee ranked third in the country. Washington ranked second among states for productivity growth, even as productivity growth nationally has slowed since 2005.
GeekWire · · Todd Bishop
A CBRE analysis found the Seattle region added more than 48,000 tech jobs from 2016 to 2020, a gain of over 35% and the fastest among large U.S. tech markets. Seattle ranked second only to Toronto for adding more tech jobs than its colleges produced tech graduates, and second to the Bay Area overall.