Primed for Growth and Investment. Ride the wave of neighborhood development and growth. The Chinatown ID’s affordability and proximity to downtown Seattle makes it a prime area for investment.
Service sector revenues tripled to $242 million in the last decade, reflecting the southward expansion of downtown offices.1
7,000 new residential units are proposed to be built in the South Downtown area, under a major rezoning plan.2 In the last 10 years, recent developments have added 150,000 square feet of commercial space and 200 units of housing to the district.3
Only 10 minutes to First Hill and Capitol Hill when the First Hill Streetcar is completed in 2013.4 Tens of thousands of health care workers, residents, and students will have easy access to the neighborhood daily.
More than $5 million will go into acquisitions and improvements of neighborhood parks/open spaces by 2015. Green Street designations throughout the neighborhood will help improve the pedestrian experience and increase sidewalk vibrancy.5
Major redevelopment in adjoining neighborhoods.Planned developments for nearby Pioneer Square and Yesler Terrace will translate into thousands of new customers in approximately 5,000 new residential units and 2 million square feet of office space