The Clay Apartments
602 E Howell St, Seattle, WA
LIHI is acquiring the Clay Apartments, a 7 story, 76 unit building in the heart of Capitol Hill, to serve homeless individuals and veterans.
The acquisition of the Clay Apartments is an unprecedented opportunity to capitalize on the current market conditions to quickly and cost effectively provide housing for the most vulnerable populations.
The site provides residents with access to a plethora of amenities, employment opportunities, and services. The site is just minutes from Downtown and within a hundred of feet of multiple high capacity bus lines.
The building contains 76 units, including 70 SEDUS and 6 lofts. Each unit includes a spacious kitchenette area with ample counter and storage space, convection ovens, large refrigerators, dishwashers, and individual washer and dryers.
The building also hosts several large indoor and outdoor amenity areas including a lounge on the third floor, a spacious roof deck, and a courtyard to the side of the building. The seller has also agreed to build out the commercial space into community space that will host additional case management offices, a computer lab, a community kitchen, and a communal sitting area.