: : About
: : Projects
: : News
: : Contact Us
Mosier Creek
Mutual Life Building
Nicholas Court
Belltown Lofts
Fairview Lofts/Minor Office Suites
Hazel Lofts
Bertschi School
Artists Studios
Lake Union Lofts


Address: 66 Bell Street, between Elliott and Western Avenues, Seattle, Washington

Type: Mixed-use, residential, and commercial

Architect: Driscoll Architects and U-Arc Design

Completion: 2000


  • 28,000-square-foot, three-floor warehouse of rented artist studios, purchased by Urban Fund in 1987
  • 7,200 square foot adjacent lot purchased in 1991

To provide cost-effective and affordable housing in Seattle’s downtown core.

We created 62 living units by renovating the old warehouse and adding a building on the adjacent lot. Highlights include:

  • Significantly cut costs by spreading the infrastructure (stairwells, elevator, and utility systems) across both buildings of the renovation and new in-fill development
  • Increased usable space approximately 14 percent by integrating circulation paths within functional zones
  • Obtained historic landmark status from the city, which resulted in a 10-year abatement of real estate taxes for eventual buyers
  • Sold 20 percent of the units at or below the city’s low income housing rates and 40 percent below affordable housing rates...all without the benefit of public subsidies

Private capital from individuals and family trusts. Construction financing from Washington Mutual Bank

Market Value at Completion:
$16 million

Return on Investment:
Approximately 14 percent

AIA, Seattle Chapter, Green Honor, 2002
Seattle City Light, Built Smart Certification, 2002
Seattle Times/Seattle AIA Featured Project Award, 2001
Seattle AIA/Seattle Times, “Housing the Northwest” Multi-family Design Tour, 2001

Listing Image Listing Image Listing Image