The special day is almost here–that holiday everyone loves, or hates, or loves to hate, depending on their relationship status and their tolerance for prix fixe menus. If you haven’t made plans yet, don’t worry: Seattle has something for everyone, and the Seattle PI’s got you covered with their list of cruises, chocolate tastings, and even 5k runs. And now we’ll stop daydreaming about roses and chocolate and get down to the business at hand: Rental market news from all around our great city! That’s right, time once again for Seattle Centric.
Did you know that many areas in Seattle can actually support a solar energy installation? We were surprised, but according to Keith Hughes of West Seattle Natural Energy (as quoted in the Seattle Times), “Seattle gets 80 percent as much sun as San Diego.” So is Seattle really primed for a solar revolution? Seattle City Light and Northwest SEED seem to think so; read more here from the Seattle Times.
South Lake Union may be getting taller, but will Cascade follow suit? Probably not.
Hype has abounded about proposed South Lake Union rezoning that would allow taller buildings in the area (spearheaded by Vulcan, of course). But some people have been left wondering if the changes would affect the nearby Cascade neighborhood as well. According to a new article from the Daily Journal of Commerce, that’s unlikely. The City is recommending that the Cascade neighborhood (located between Fairview and Eastlake) retain the current 75-foot housing height limit, which is one of the lowest in the city. Read more in the DJC.
Want to check in on single-family housing? The Seattle Home Show opens Saturday.
If you’ve got a little time this weekend and you’d like a peek into the current state of the single-family home market, you’re in luck–the Seattle Home Show opens this weekend. Among the trends exhibited at this year’s show are very small homes (a mini-cabin by Coast Cabins is on display) as well as more luxurious homes that are starting to regain popularity after the recession. One full-size model home will also be on exhibit at the show–a first since 2007. Read more from the Seattle Times.
Seattle rental market beats the South Sound by a longshot in Q4 of 2012
This important bit of news comes from the Puget Sound Business Journal and Tom Caine’s Apartment Insights. According to research from the firm, the rental market in Seattle at the end of last year was booming…while things in the South Sound didn’t go quite as well. The South Sound counties in question, Kitsap, Pierce and Thurston, had an average rent of $852 in the fourth quarter–far below that of urban Seattle. Check out the full numbers from the Business Journal here.
Yesler Terrace: A vision takes shape
New renderings of the Yesler Terrace redevelopment planned for 12th Ave. & Yesler have been released by Spectrum Development Solutions. As it stands currently, the plans are for a six-story, 120-unit apartment with retail space and parking included. While the majority of the apartments will cater to “nurses, teachers, emergency responders, and others employed downtown,” according to Jane McKinstry of Spectrum, 25% of the units will be reserved for those earning less than 80% of the area median income. Interested in the happenings over at Yesler Terrace? There’s a public meeting scheduled for this evening at 8pm, at Seattle University. Find out more from KomoNews.com.
…And that’s it for today. Oh yeah, one last thing: from all of us at Seattle Rentals, Happy Valentine’s Day!