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Fremont
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The Chief Seattle Club, a nonprofit that provides services to the city’s growing homeless Indigenous population, has recently acquired additional supportive housing. According to records filed with King County, the company purchased a recently completed 66-unit building for $20.4 million, or about $309,990 per unit. The seller in the transaction was Kamiak, a Seattle-based real estate development company.
The new building, which has been dubbed Goldfinch, is located at 4717 Aurora Avenue N. in Seattle’s Fremont neighborhood. According to Kamiak’s website, the project includes studio units, a ground floor club room, 17-parking spaces and a rooftop amenity deck.
The property’s new owner plans to use the building as supportive housing for Seattle’s indigenous senior population. The nonprofit’s website shows its plan to convert the building into 63 studios that will hold space for 55 residents. The nonprofit worked to complete the transaction with the Low Income Housing Institute and the Office of Housing and will likely open doors this winter.
“We successfully advocated for a 66-unit market-rate apartment building to be purchased and converted into permanent supportive elders’ housing for our community! The building was constructed under the name ‘Goldfinch’ but that will likely change,” Chief Seattle Club’s website states.
In addition to the recently acquired asset, the organization has acquired and/or developed several other supportive housing properties throughout the area. Most recently in January, the company announced its completion of new supportive housing in the city’s Pioneer Square neighborhood. The building – also named ?ál?al – will house 100 residents in 80 units. Pre-development has also begun for Sacred Medical Housing, a supportive housing project in Lake City. Once completed, the building will offer 125 units to unhoused indigenous people.
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Carnelian Bay, a new neotropical sci-fi bar in Fremont, opened on the covered patio of Dreamland Bar and Diner on June 10. The new bar is an expansion of the sci-fi world owner Paul Shanrock started three years when he opened another Fremont bar, the popular Stampede Cocktail Club, in 2018.
The cocktails at Stampede were always well-balanced and satisfying, but what drew people to the bar was the immersive experience Shanrock created there, from the Cowboy Bebop-style decorations to the mystery narratives he unveiled little by little through blurbs next to cocktails on the menu — and during pandemic shutdowns, through comic books, doled out a few pages at a time with takeout orders, bringing customers along for adventures through time and space.
Shanrock bought Dreamland Bar and Diner two years ago and turned it into a popular community gathering space with events like drag brunches held every Saturday. But as he got adjusted to running his businesses during a pandemic, he wanted to expand the world he’d started at Stampede: enter Carnelian Bay, what he describes as a “luxury resort on a subtropical moon,” built with fake tropical plants, a massive tiger-shaped fountain, and artificial rock structures, on the covered patio next to Dreamland.
Carnelian Bay, Shanrock says, exists on a planet called Blish. There’s a race of tiger-humanoid people that have gone missing on the planet and bar-goers must figure out why they’ve disappeared. The narratives of Carnelian Bay and Stampede are now intertwined, he says, and solving the mystery requires going to both bars.
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With the Carnelian Bay expansion at Dreamland comes a new, tiki-inspired cocktail menu with pearl divers, toasted marshmallow daiquiris, and tequila drinks in cobra mugs, along with ten brand new cocktails that, through blurbs, will tell the next story in Shanrock’s universe. There’s also a new food menu Shanrock describes as “neotropical,” with loco moco, honey walnut torpedo shrimp, deconstructed crab rangoons, a green papaya salad, and kimchi pineapple pork belly skewers, generally smaller snacks compared to the big, meaty plates and sandwiches Dreamland has become known for.
Shanrock grew up obsessed with classic sci-fi, from Dune to Star Wars. “I’m a big nerd,” he says. So when he started owning bars, he wanted the customer to always feel like the main character in a fantasy world he constructed. Though he says Stampede is clear ode to Cowboy Bebop, he constructed Carnelian Bay with Dan Haskett of Haskett Works with influences from all the pop culture the world has to offer.
“We’re just trying to be the Copacabana in space, and have a really good time,” Shanrock says.
Carnelian Bay is located in the same building as Dreamland Bar and Diner at 3401 Evanston Avenue N.
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July 26, 2022 (Seattle, WA) – Lee & Associates Commercial Real Estate Services is pleased to announce that Fremont Court, a 35 unit mixed use building in Fremont sold Monday for $17,415,000. The building is located at 3414-3424 Fremont Avenue N & 705-711 N 35th St, Seattle, WA 98103, and is a collection of 17 residential units and 18 commercial units, making it a true mixed-use building. The transaction was brokered by the Lee & Associates | Pacific Northwest Multifamily team, Candice Chevaillier, Daniel Lim, Dea Sumantri and Chris Larsen. The seller, a successful private investor, was pleased, as was the buyer with the ability to purchase the property and assume the attractive existing financing. The seller commented, “It’s been a great 23 years getting to know all our customers and serving their space needs at the Fremont Court and Equinox Building. We’re also very grateful for all the care and hard work by our employees at Equinox Properties Corp over these decades; and for the diligence of Candice Chevaillier and everyone at Lee & Associates marketing the property. We wish the best to our tenants and to the new owners going forward.”
“This sale is a strong proof point of investors’ continued interest in Seattle, considered one of the top multifamily markets in the country. I expect the multifamily and mixed-use value fundamentals to hold strong through the coming years as Seattle continues to flourish,” Candice Chevaillier said in a statement.
ABOUT LEE & ASSOCIATES
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients.
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A proposal that would bring a five-story mixed-use building to Seattle’s Fremont neighborhood was reviewed last week by Seattle’s Northwest Design Review Board during an Early Design Guidance meeting. The board discussed the three design options that were presented by the design team and members were ultimately pleased with the team’s preferred option, agreeing to move the project forward to a recommendation hearing.
The developer is Cohen Properties, the architect is Atelier Drome Architecture and the builder would be STS Construction. The project is located at 4401, 4411 and 4419 Fremont Ave. N, in the north or “upper” end of the Fremont neighborhood, according to project plans. Fremont extends from the Ship Canal to approximately N 50th Street at the Woodland Park Zoo and has “consistently been an important area of residential growth for North Seattle,” the project plans state, noting that the area has seen significant growth over the past several years.
The project plans also outline three objectives, which included providing visually interesting massing that enhances and respectfully builds upon the north Fremont neighborhood character, designing a building that responds to its position as a visual corner on Fremont and N 44th and providing housing for a growing neighborhood while maintaining its vibrant and pedestrian-friendly atmosphere.
To be constructed are approximately 119 housing units with ground floor commercial space and an underground parking garage. The three existing buildings currently on the site would be demolished. Michelle Linden, partner at Atelier Drome, gave the presentation to the board and emphasized the importance of the surrounding neighborhood, both in community feedback and in design.
“As part of our analysis, we studied the buildings in the neighborhood to understand the surrounding context,” Linden said. “There’s a mixture of single-story commercial, two- and three-story mixed-use buildings interspersed with three- and four-story multifamily apartment buildings. A five-story mixed-use structure is under construction kitty-corner across from the lot….This project obviously provided important context as the first of its scale in the neighborhood, and together these two projects will create a new node of housing along Fremont Ave. In particular, we studied the vertical expression and clean form of this design.”
The three design options included Option 1, which featured 2,658 square feet of commercial space, 115 housing units and 44 parking spaces; Option 2, which included 5,068 square feet of commercial space, 112 housing units and 46 parking spaces; and Option 3, which was the applicant’s preferred option and included 4,204 square feet of commercial space, 119 housing units and 49 parking spaces. The design for Option 3 also involved breaking up the ground floor commercial spaces to provide a streetscape compatible with the expected, per community feedback, pedestrian experience along Fremont Avenue N.
For the landscaping design, the plans state that the applicant is exploring the idea of providing private patios for the residents on the northwest corner of the building and the possibility of providing green vertical trellis separation that would use natural cedar to add warmth and texture. The rooftop is planned to be more than 80 percent landscaped, with areas for residents to sit, relax and work from home. The southern roof area has views to the Olympics, downtown and the Cascades.
Board members agreed with the applicant that Option 3 was the best design for both the location and building – members noted that the design presented the most opportunity for expansion, that it “gave back” to Fremont in its use of space and that it provided a more pedestrian-friendly experience by breaking up such a long building. The board also asked questions about any proposed amenities in public spaces, which would include bicycle racks and benches, and what other considerations the design team took in trying to keep the proposed building in line with the characteristics of the local neighborhood.
