Posted Oct 1, 2012, 7:43 PM
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Never Dell
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Join Date: Jul 2001
Posts: 19,804
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Although this thread is about Downtown Seattle and highrises only...
This has to be the first time Seattle (city of) has had over 10,000 housing units under construction at once. In 2006 my guess topped out around 8,500 units.
Greater Downtown is about 6,400 units per a count I did last week including a few that said they were starting and have shown activity for at least demo.
Central Ballard, a lowrise neighborhood center district, has about 1,100 under construction (at least excavation/shoring) in what might be 100 acres. Combined with 1,400 units that got built in the previous 10 years plus what was already a pretty good core (a historic district, a good main street, a hospital, a moderate volume of apartments), and this is turning into a successful urban village. A few more projects and it'll be cohesive.
The University District just opened about 1,400 dorm beds either last summer or this one and has proably 1,300 underway (might be considered 500(?) "apartments" since most are shared). It also has at least 300 regular apartments underway, the vanguard of what could be a major wave starting in the next year.
West Seattle Junction I haven't been to lately, but based on posts from others, it probably has at least 700 units underway. This is sort of like Ballard in that it's gaining a critical mass in maybe 100 acres as well, though Ballard is ahead.
The general scattering must be at least a couple thousand units, in places like Lake City, Green Lake, north Ballard, the Rainier Valley, upper Madison, Wallingford, Queen Anne Hill (upper), Interbay, and so on. I'm counting 1,800 but omitting some major ones, and totally skipping the four-packs.
The 10,000 figure also parallels what an apartment analyst wrote recently. Forgetting the source.
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