The lot on the northeast corner of 12th & Jefferson has been vacant for as long as I can remember. Capitol Hill Housing is working on plans to change that with a six story building containing ground floor retail and an as yet unspecified number of affordable apartments.
The land use bulletin says that it will be work force housing, which is usually described as affordable to 50-80% of the local median wage.
The height of the building would require a contract rezone from the current lowrise designation that only allows three story apartments or townhomes, and much less lot coverage. And the most interesting part may be that the entire development would only have parking for six vehicles on site (parking is a huge expense for apartments, so minimizing it is key to lowering housing costs).
That parcel is currently owned by the city of Seattle, who would have to come to an agreement with the non-profit housing developer to dedicate the property to affordable housing.
An early guidance design review is scheduled for 6:30pm on May 6th at Seattle Central.