With Othello Square, a Rainier Valley community gets some help in the battle against gentrification

06.04.2019

Heartland recently merged with Laird Norton Properties (LNP), a subsidiary of Laird Norton Company, and has been providing ongoing advisory services to LNP since 2009. 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. Heartland is providing LNP with advisory services for a new development with Spectrum, a 7-story, 176-unit mixed-income development at the new Othello Square. This development will also house the Odessa Brown Children’s Clinic, a part of Seattle Children’s. Seattle Children’s will contribute $8 million of targeted philanthropic equity to the project to double the number of affordable housing units from 36 to 72.

With Othello Square, a Rainier Valley community gets some help in the battle against gentrification –Seattle Times

Children’s investment will double affordable housing in unique South Seattle development –Puget Sound Business Journal