MEDIA COVERAGE
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Puget Sound Business Journal: These improbable partners made the historic Midtown Center deal happen
A partnership of environmentalists, community organizers and real estate developers pulled off a deal this week that students of gentrification will dissect for years. Lake Union Partners on Tuesday paid $23.25 million for Midtown Center, a retail center at East Union Street and 23rd Avenue in the Central District, Seattle’s ...
KNKX: Developer, Nonprofits Reach Deal On Seattle’s Midtown Center Property
A deal has been reached between the owners, a developer and two nonprofits on a valuable piece of property in Seattle's Central District. Lake Union Partners has agreed to buy the old Midtown Center property on 23rd Avenue and East Union Street for $23.25 million. The property is one of the ...
Capitol Hill Seattle Blog: Finally, a $23.25M deal — and plans for inclusive development — at 23rd and Union
It is a riskier bet than most $23.25 million land deals in Seattle. But new neighbors and longtime community members are probably happy to see real progress. Africatown, again in partnership with sustainability nonprofit turned in-city housing developer Forterra, will still be part of inclusive development component in the deal. And the buyers ...
Crosscut: Development deal aims to save Seattle’s black community
The 2.5-acre plot on the southeast corner of 23rd Avenue and East Union Street in Seattle’s Central District — once a cornerstone of historic black Seattle and now a symbol of displacement and gentrification – has been purchased for just over $23 million. It’s a partnership between Lake Union Partners, the ...
The Seattle Times: Unique affordable-apartment project aims to help residents stay in Central District
The 500-plus-unit project planned for the prominent corner of 23rd and Union is the first apartment development in Seattle to use a local community ownership model for 20 percent of the units. Hoping to slow the displacement of residents from Seattle’s historically black Central District, local community groups are trying ...
The Stranger: Community Groups, Local Developers Band Together to Rebuild Heart of the Central District
After months of eviction protests, the future of MidTown Center is finally becoming clearer. Today, Seattle-based developer Lake Union Partners closed on a $23.3 million deal to purchase the historic 23rd Avenue South and Union Street block in partnership with Africatown and Forterra, a land conservation non-profit. The real estate ...
