Development

Betula House

Betula House is a mixed-use workforce development at the intersection of Seattle’s Capitol Hill and Central Area neighborhoods. It is ideally sited adjacent to both Seattle University and the Swedish Cherry Hill hospital complex.

Completed in 2023, it was rapidly stabilized and his now home to 50 households and 3 beloved community businesses.

Location

355 15th Ave, Seattle, WA 98122

Scale, Unit Types, Affordability

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

Notable Partnerships

Opportunity Zone Equity partnership

Mixed-Use / Non-Housing

3 commercial spaces, totaling 1600 sf

Total Development Cost

$13 M

Funding Sources

Construction Loan from East West Bank
Permanent financing from CBRE/Freddie Mac under the Sponsor Initiated Affordability program
Opportunity Zone Equity sourced by Great Expectations



admin@grtexp.co

