City Builder: Developer Improves Building and Affordability
The lead in segment to Seattle Channel’s recent panel discussion on proposed legislation to reduce flexibility in leases for renters is one of the best and most balanced stories about the acquisition and redevelopment of an existing building. We’ve seen the stacked stories that only cover isolated instances of a few sad stories about tenants having to leave a building that was sold and being improved. But this is the first time I’ve seen a reporter actually listen to the full story: a builder buys a building, improves it for additional, new, less expensive housing, and does right by his tenants. Watch the lead in piece and the discussion. It is refreshing change toward a more full depiction of how we can evolve and preserve existing lower rent housing in the city.