SEATTLE — Forterra, a nonprofit whose mission is securing places that are keystones of a sustainable future in the Pacific Northwest, today announced the first-round close of its new social impact investment vehicle, the Strong Communities Fund, with $10.25M raised. […]
Nonprofit Forterra builds $10.25 million fund with help from high-profile investors in tech world Rising wealth from Seattle’s technology boom changed the face of a neighborhood that used to be the black community’s historic core. Now, tech wealth is joining
Tech Wealth Turns Attention to Affordable Housing in Seattle Read More »
A land deal at 23rd & Union, longtime the heartland of Seattle’s African-American community, offers a ray of light in gloomy picture of housing for low-income residents in a city growing more and more expensive. The agreement, announced Tuesday, will
Does 23rd & Union deal signal Seattle as place ‘everyone can live?’ Read More »
Seattle’s African-American community has secured a big role in the redevelopment of one of the city’s last hubs of black-owned businesses. Lake Union Partners on Tuesday acquired Midtown Center, a retail center at the rapidly developing Central District corner of
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
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
KNKX: Developer, Nonprofits Reach Deal On Seattle’s Midtown Center Property Read More »
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
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
Crosscut: Development deal aims to save Seattle’s black community Read More »
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
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
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