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Trez Capital, Amazon and Others Finance Affordable Housing Project Atrium Court in Seattle

Reporter: Yieldpro

 Trez Capital, Amazon and Others Finance Affordable Housing Project Atrium Court in Seattle

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A groundbreaking ceremony was held for Atrium Court, a housing project in Seattle's Othello neighborhood. The project will create 271 units of affordable workforce housing, 80 jobs, and ground-level retail space near a light rail station. The largest investor in the project is an investment vehicle managed by Allivate Impact Capital and CEI-Boulos Capital Management. Other funding comes from Trez Capital and the Amazon Housing Equity Fund. The project aims to revitalize underinvested communities and provide transit-oriented affordable housing. Construction started in January 2024, with a focus on environmental sustainability and reducing energy consumption. The location near the light rail station aligns with Seattle's goal of reducing car dependence and transportation emissions. The project is expected to create construction jobs as well as permanent jobs in property management and retail spaces. Extensive community outreach was conducted to inform the project's planning and design, including the inclusion of a rotating sculpture at the entrance displaying phrases in languages spoken within the community.

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