South Lake Union

Business
4:51 pm
Wed November 14, 2012

Vulcan proposes affordable housing land deal in South Lake Union

seadevi

Paul Allen’s real estate company Vulcan wants to give the city of Seattle land in the South Lake Union neighborhood. In exchange, the company wants the right to build taller towers.

The Seattle city council is working to rezone the South Lake Union neighborhood to allow taller buildings. That’s something Vulcan very much wants. The city requires developers to either build affordable units in their towers or pay the city extra money for affordable housing if they build above a certain height.

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