Development

Acer House

Acer House is a mixed use affordable development in Seattle’s Central Area, currently under construction. When completed in 2026, it will have 121 rent-restricted homes and 7 community-focused commercial spaces. Acer is a partnership with Urban Black, a prominent local developer, and features a stunning afro-futurist design theme

Location

2210 E Cherry St, Seattle, WA 98122

Scale, Unit Types, Affordability

12 homes, including studio, 1BR and 2BR
40-70% AMI

Notable Partnerships

Urban Black LLC
Amazon Housing Equity Fund

Mixed-Use / Non-Housing

7 commercial spaces, totaling 5000 sf

Total Development Cost

$51 M

Funding Sources

Construction Loan from Sterns Bank: $24M
Amazon Housing Equity Fund: $13M
Freddie Mac Non-LIHTC Forward Permanent Loan, arranged by CBRE
Opportunity Zone Equity sourced by Great Expectations

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