Building a New Community in the Heart of Seattle
Compass on Dexter promotes affordability and livability in the emerging South Lake Union district
With easy access to downtown Seattle, the city's South Lake Union neighborhood boasts an emerging and diverse community with high growth potential. Last August, Compass Housing Alliance acquired an underused building in South Lake Union from Denny Park Lutheran Church. The group's goal was to redevelop the property into affordable housing geared toward families, falling in step with city planning efforts to create a family-friendly neighborhood around Denny Park, the city's oldest outdoor recreational area.
Following the acquisition, Compass Housing Alliance received approval for the construction of a new six- story housing development for 74 low-income families, with significant community and financial support at the city, state and federal levels. The modern design for the development features office space for staff and supportive services for residents, a common space and one level of underground parking. Residents will enjoy close proximity to stores, services, recreation and potential employment opportunities.
"This is an exciting development in a community-centered location," said Bryan Friend, the Seattle-based CDF vice president who oversaw financing for the project. "The construction of a beautiful new facility for at-risk families is a perfect illustration of the ongoing transformation in South Lake Union."
Construction work on the Compass on Dexter project began in August, and completion is expected in September 2014.