Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

hbspt.forms.create({ portalId: "6064756", formId: "63be3f62-6bb6-4b03-b683-7fc4dbb0a4a0" });

Sub Markets

Property Sectors

Topics

Seattle & Northwest  + Seattle  + Healthcare  | 

King County, Seattle Eye Next Phase for Downtown Homeless Relief

King County is moving forward with a plan to increase not only the footprint for a shelter and behavioral-health services, but also some leases of land. Details of the plan, set as a “hub” for the homeless in the Sodo area of Seattle, will have to be approved by the city.

This is the second of two phases for a longer strategy that King County began in 2021 to help shelter 500 homeless people in downtown Seattle, Sodo and nearby encampment areas. This phase is priced at $66.5 million, with funding for both phases is primarily from the American Rescue Plan Act.

The cost of two five-year ground leases for the nearly 6.9-acre property, which Seattle-based Urban Visions owns, will be $54.3 million, according to the county. 

Previously reported here, the CEO of Urban Visions, Greg Smith, has said “… the crisis of homelessness, the public and private sectors must work together, Smith said at the time, adding he’s excited to be a part of that.

Connect

Inside The Story

Urban Visions

About Jason Middleton

  • ◦Development
  • ◦Policy/Gov't
Chase-10-cube hbspt.cta.load(6064756, 'a2e09528-92fd-4614-a8e4-327f742ebf7d', {"useNewLoader":"true","region":"na1"});