The Seattle City Council approved today an agreement that clears the way for the Seattle Housing Authority to dramatically rebuild Yesler Terrace, which opened in 1941 as the city’s first public housing project.
The council agreement allows high-rise buildings up to 300 feet tall at Yesler Terrace, just south of Harborview Medical Center on First Hill. The housing authority plans to sell some of Yesler’s 30 acres to private developers who would build market-rate office, condo and apartment towers on the property.
The housing authority hopes to use $145 million from the property sales to rebuild Yesler’s 561 well-worn apartments, along with streets and water and sewer lines. Residents would be relocated during phased construction that could take up to 20 years.