Eastlake Ave

Project Details

30 Residential Units Above Future 47 North Headquarters

2031 Eastlake Ave E, Seattle, WA 98102

Recently upzoned 3,380 SF NC2-65 site purchased in off-market transaction.  Current plans show 30 residential units above street level office space.

Highlighted Features

  • Future home of 47 North Development offices.
  • Narrow lot provides design challenges and opportunities for increased density.
  • Rooftop deck with panoramic western views.


Project Goals

  • To design a building that is both efficient to build and construct on a narrow infill site while pushing the limits of design.
  • Meticulously plan layout of residential units to maximize space.
  • Explore the potential of hospitality/short term rentals given acceptable zoning.

Key Investment Highlights

  • Acquire and entitle property with smaller group of local investors.
  • Bring in tier 2 equity at construction financing.
  • Explore construction to permanent financing relative to stated goal of building remaining a long-term 47 North asset.

By The Numbers

Acquired - 2019

Built - 2022 (est.)

Lot - 3,380 SF

Zoning - NC2-65 (M1)

Building - 15,000 SF (est.)

Interesting Project Fact 

Due to recent up-zone, building allows no side setback from the adjacent properties allowing 6 units per floor on a lot that is only 33ft wide.

Project Team

Developer:  47 North

Architect:  SHW

Contractor:  47 North (TBD)

Structural:  Frank Co.

Civil:  DCG

Landscape:  Root of Design

Features of Eastlake Ave