Bucking the luxury housing trend, $500M in new apartments designed to help Seattle’s shrinking middle class


THE SEATTLE TIMES (June 10, 2017) – Seattle’s record apartment construction boom almost exclusively has produced luxury buildings — the kind with $2,000 rents accompanied by concierge services, high-end appliances and yoga rooms. That’s left a huge void for middle-class renters looking for regular housing.

Now two Seattle companies are making plans to put $500 million into building new apartments aimed at firefighters, teachers and other midlevel workers.

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