by Jen Graves
on Thu, Nov 17, 2011 at 8:27 AM
No more ugly fenced-in parking lot!
It will be six stories tall, with room for ground-floor retail, nonprofit arts offices, two small theaters, 88 affordable apartments (calculated based on a percentage of median King County income), and a police parking garage underground—and it will be called 12th Avenue Arts, Capitol Hill Housing has finally announced. We've been hearing word of the project for months but now it's official: The building will take the place of the current police parking lot, and it is scheduled to be finished by the first quarter of 2014. Total project cost is $38 million, and of that, only $3.2 million is a capital campaign that needs to be raised (the rest will be financed and public-funded). The capital campaign is almost 40 percent complete already—it's happening!