Atrium Court

271 Unit Mixed Use Development in Rainier Valley, Seattle

Construction Underway: January 3, 2024


With financing in place, we have started constructing this eight-story, mixed-use housing development in Seattle’s Othello neighborhood..

The transit-oriented project is located one block from the Othello Link Light Rail Station and will feature 271 apartments, all priced to be affordable for individuals and families earning between 50% and 80% of the area median income (AMI).

The project, sponsored by O.Z. Navigator, received $16 million from the Amazon Housing Equity Fund, as a low-interest loan twenty-year loan, to ensure that all 271 apartment homes will be income-restricted for 99 years.

“Atrium Court is a great example of leveraging private capital and collaboration to build affordable apartment housing,” said Senthil Sankaran, Managing Principal, Amazon Housing Equity Fund.

The project team is also partnering with an investment vehicle jointly sponsored and managed by Allivate Impact Capital and CEI-Boulos Capital Management, which closed on a $15 million investment, as the largest and majority equity investor in the project.

Atrium Court also includes 2,344 SF of ground-floor retail, in which we have committed to pursue authentic, neighborhood retail or services.

  • Sponsored by O.Z. Navigator
  • Development Services by Housing Diversity Corp
  • Architecture by David Neiman, Neiman Taber
  • Construction by STS Construction Services
  • 148,470 SF (Gross)
  • 2,333 SF (retail)
  • 21,369 SF lot
  • Eight stories of residential units with ground-floor retail over one level of underground parking
  • 271 unit development, 203 attainably priced market-rate units, and 68 rent-restricted units through Seattle’s Multifamily Tax Exemption (MFTE) Program
  • Neighborhood: Rainier Valley, Seattle
  • Close to the Othello Light Rail Station
  • Qualified Opportunity Fund project

7324 Martin Luther King Junior Way South

Very Walkable


Photo of Atrium Court Site with an Overlay