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Vulcan Plans Another MF Development in Seattle’s Yesler Terrace

Vulcan Real Estate is continuing to advance plans for its fourth development in Seattle’s Yesler Terrace neighborhood. The project at 1009 Alder St. is envisioned for 350 residential units.

The development will consist of two six- to eight-story buildings over an underground parking garage. A pedestrian pathway will traverse through the site between the buildings. Roughly 70 units will be allocated for lower income residents.

Vulcan’s Lori Mason Curran told the Puget Sound Business Journal that plans for the latest Yesler Terrace project are in the early stages, and a development timeline hasn’t been set. The land purchase is not expected to close until the middle of next year.

Yesler Terrace was Washington’s first public housing project that opened in 1941. Today, the 30-acre community atop First Hill is being redeveloped by the Seattle Housing Authority (SHA) into a denser mixed-income, mixed-use neighborhood.

*Pictured Vulcan’s Batik community in the Yesler neighborhood


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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.