Atrium Court

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.