market-rate housing

But the region needs more than just high-cost market-rate housing to address the shortage.

But these projects are expensive and don’t necessarily make as much money as market-rate housing once built.

Gregory Davis, the managing strategist at the Rainier Beach Action Coalition and the neighborhood’s unofficial mayor, said his organization has challenged developers of rent-capped and market-rate housing to incorporate local needs, hopes and dreams into their plans and to provide street-level spaces for community-focused businesses and organizations.

“And I suppose we do need some more market-rate housing as well, but in that we appear to be fairly saturated.”

The city plans to redevelop the shopping area beginning in 2025 and focus on affordable and market-rate housing; nonprofits; arts, cultural and city recreational spaces; and retail.