It’s a familiar story in Seattle: Well-paid young professionals move into the neighborhood, property values and rents spike, and suddenly everything goes upscale. As the character of our neighborhoods transform — and just last week we learned that Capitol Hill’s beloved art-house cinema Harvard Exit is closing, sold off to a developer — the topic of…More
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Earlier this week, two masked men blocked a Microsoft employee shuttle on Capitol Hill, an act inspired by the recent “Google bus” protests in San Francisco. The Capitol Hill Blog reported that the men handed out fliers condemning the neighborhood’s transformation into an “upscale yuppie playground” for tech workers, and the skyrocketing rents that are displacing less-affluent, longtime residents — in…More
Capitol Hill is booming, and not just with those low-rent aPodments that are causing so much controversy, as The Seattle Times reports.
Stroll through the neighborhood, down Broadway or around Pike/Pine. It’s teeming with new, market-rate apartment buildings. Stainless appliances and quartz counter tops abound. If you’re looking to rent a $1,400 studio apartment, you won’t have any trouble finding one here. That is, in fact, the average going rate for a Capitol Hill studio now, according to real-estate firm Zillow.
The neighborhood has gone upscale, a word that you would not have used to describe this part of the Hill until recently.
Funky, hip, gay, artsy, young? Sure. Upscale? No.More