17th & Jackson
17th Ave. South & South Jackson St.
The 17th & Jackson Project is a mixed use building currently under construction. The project will create 59 rental apartments and 11,000 sqft of office and retail space. The project site is located between 17th & 18th Avenues on S. Jackson St. CADA is the managing member and developer of this project. This $22.9 million project is scheduled for completion in Winter 2008.
The 17th & Jackson building will consist of five stories over two levels of underground parking. The first floor will offer 6,000 sqft of street level retail space. The building's mezzanine level will offer 2,000 sqft of office space in addition to a conference room and an art gallery corridor. Three two-level commercial lofts on the west side of the building will offer 3,000 sqft. The apartment units will offer a variety of floor plans ranging from studio to two bedroom sizes. Some of the rentals will feature private decks and patios and scenic surrounding views. 51% of the rental units will be reserved for households at or below 70-80% of the area median income. The 17th & Jackson building will also include a rooftop deck and a courtyard entry.
The development of 17th & Jackson will expand revitalization further down the 23rd & Jackson business node. 17th & Jackson is one of several proposed projects being developed along S. Jackson St between 15th and 20th Avenues. 17th & Jackson is scheduled to be the first project, of those planned, to be completed. Prior to development, the 17th & Jackson site was a 30-year vacant lot.
The project development team includes:
• George M. Staggers, Chief Executive Officer, CADA
• Tricia Baran, CPA, Controller, CADA
• Erica Porter, Project Assistant, CADA
• Tim Abel, Project Manager, Pacific Housing NW
• Sam Cameron, Project Architect, Rolluda Architects
• Sung Hwang, Project Superintendent, Marpac Construction
• Will Ng, Project Manager, Marpac Construction
• Craig Hawley, Project Manager, Marpac Construction
• Jim Yamaguchi, Landscape Architect, Nakano Associates
• Susan K. Okamoto, Interior Designer, Susan K. Okamoto
Project Financing:
• CADA--$4.6 Million
• City of Seattle, Office of Economic Development--$750,000 Loan , $2.3 Million HUD 108 Loan & $896,815 Grant.
• Enterprise Community Loan Fund--$30,000 "Green" Grant , $4.8Million New Market Tax Credits & $2.3 Million Bridge Loan.
• NeighborWorks® America--$775,668 Grant
• Washington Mutual Bank--$8.3 Million Loan, $4.8 Million & New Market Tax Credit Equity.
