A new Yesler Terrace development, called Anthem on 12th, received approval by the East Design Review Board earlier this month. Anthem will be a six story, 120-unit apartment building geared towards low- and middle-income families. It will be the first private development to break ground in Yesler Terrace; construction is scheduled to begin in the first quarter of 2014 with opening anticipated in the second quarter of 2015.
Anthem is part of a larger redevelopment of the Yesler Terrace neighborhood to replace aging low-income housing.
“Anthem will be one of the first true workforce and transit oriented developments targeted toward teachers, nurses and civil servants working in downtown, First Hill and Capitol Hill,” a press release from the development reads. “Twenty-percent of the units will be set-aside for individuals and families earning 50 percent or less of area median income (under $50,000 per year) with the remaining units targeted towards families earning on average 85 percent of area median income. Anthem is also designed to achieve LEED Silver Certification.”
The development will consist of studios, one- and two-bedroom units, and 4,000 square feet of retail space. Amenities include a rooftop deck with views of the Cascade Mountains and Mount Rainier, pea patches, a community room, fitness area, bike storage and workshop, and dog run. The developer is also hoping to locate a Bike Share station at the 12th and Yesler corner.
Anthem is being developed by local firm Spectrum Development Solutions, along with financial partner Gracorp Capital Advisors Ltd, architecture firm Mithun, and landscape design firm Hewitt.