It seems as though the South Lake Union neighborhood has dominated the public’s interest in newspaper headlines. In just the last week alone, there were four updates featured in the Seattle Times and Post Intelligencer regarding economic and ecological progress. Here’s a peek at what’s the beginning of the S.L.U. boom.
- The new streetcar began operating at 12:12pm on 12-12-07. It was automobiles that were originally the death of the streetcar in the 1940′s. With the expectation of 12,000 new jobs and 6,000 new homes to be built in the neighborhood, the streetcar will help cut back on fuel usage and congestion.
- Speaking of fuel usage, another recent announcement was made stating that Propel Biofuels will open it’s flagship gas station on the corner of Westlake Avenue and Valley Street. The station will not have attendants, convenience store or even pumps. Customers will serve themselves and the landscaping will include canola, camilina, switch grass and soybeans. All of which ingredients to make biodiesel fuel.
- The media also announced the recent approval given to Vulcan, Paul Allen’s development company, to construct three 160′ buildings for the new (presumed) Amazon.com headquarters. Not only will the new location for Amazon drive a speculated 4,000 new jobs to the neighborhood, the City Counsel Panel also insured money would be allocated to affordable housing.
- On Friday, the new footbridge was installed at South Lake Union Park which connects people to the new streetcar station. The 12-acre park is planned to include parking, boardwalk, model boat pond and lush landscaping.
Available real estate investments in the booming neighborhood include: