Amazon is to Seattle … well, it’s important as a corporate partner and employer. Amazon is also adding another $15 million to housing developments in the area, via its Amazon Housing Equity Fund.
JLL Capital Markets announced today that it has arranged the $15 million subordinate loan from The Amazon Housing Equity Fund for the acquisition of 192 Shoreline, an affordable, 250-unit, mid-rise multi-housing development in the suburban Seattle community of Shoreline, Wash., according to a news release.
More details from the release:
Situated at 19022 Aurora Ave. North, the property is approximately 11 miles north of Seattle Central Business District. The neighborhood is bounded by 192nd Street to the north, 185th Street to the south, Interurban Trail to the east and Aurora Avenue North to the west. Offering proximity to transit, the site is adjacent to Shoreline Park & Ride and proximate to additional bus stops located at the intersection of N. 192nd Street and Aurora Avenue North. The property is one block from The Dale Turner Family YMCA, 0.5 miles from Echo Lake Elementary School and one mile from Einstein Middle School.
The advisory team working with Amazon was led by Senior Managing Director C.W. Early.