< Back to All News

Bucking the luxury housing trend, $500M in new apartments designed to help Seattle’s shrinking middle class

06.12.2017

Heartland has been providing ongoing advisory services to Laird Norton Properties (LNP), the real estate investment company associated with Laird Norton Company, since 2009 and is continuing to provide internal capacity building assistance as well as real estate, capital, and strategic advisory services. Most recently, in 2017, Heartland assisted in identifying, structuring and negotiating an up to $150M programmatic joint venture with Spectrum Development Solutions, a local workforce housing and student housing developer. The team is now poised to develop 1,000 new “workforce apartments” and hundreds of student housing beds.

Bucking the luxury housing trend, $500M in new apartments designed to help Seattle’s shrinking middle class  —Seattle Times

Seattle companies launch plan to develop 1,000 apartments that people can actually afford  —Puget Sound Business Journal