3 important facts when analyzing Beacon Hill’s future growth

Article co-written by CityBldr and Ewing & Clark

This blog series is in response to customer feedback following our “Top 10 Seattle Neighborhoods Set for Growth” piece that appeared on King5 evening news. We will break down some key development results in each of these neighborhoods giving you more insight into what is happening in each location.

Located in the heart of central south Seattle between Interstate 5 and Rainier Valley, Beacon Hill is a hub for delicious dining, enjoying live music, and kid-friendly activities throughout the year. In the 1950s and 60s, the neighborhood was nicknamed “Boeing Hill” because many residents worked at the airplane factory nearby. Beacon Hill has different vibes for different areas within the neighborhood, and the most busy is at its northBeacon Avenue provides a central street along the whole length of the hill, with its central spot for dining and shopping near 15th Avenue. Jefferson Park is a drawing point, with tennis courts, hiking trails, a golf course and playground. Rainier Avenue is to the east, with delicious ethnic restaurants and other attractions

3 Fast Facts about Beacon Hill’s development

1.  Over 1150 properties are profitable redevelopment opportunities

These properties have been identified by our team as having high development scores and therefore are likely to be actively pursued over the coming years.

2.  15th Ave S is the street with the most potential in Beacon Hill:

CityBldr has identified that this street has the most undiscovered development potential. Property owners could sell for a combined $32M more than the market suggests.  Tweet this

15th Ave S was closely followed behind by Beacon Ave S and Martin Luther King Jr Way S.

3.  Several driving forces are causing Beacon Hill’s significant development including its proximity to downtown, strong light rail access and unique access to landmarks.

  • The neighborhood was named as one of the “30 Great Places in America” by the American Planning Association in 2012 which represents the attractiveness of the location for residential development activity.
  • The Link light rail services Beacon Hill with several stops (Beacon Hill, Columbia City, Othello and Rainier Beach). Most of these stops opened up right after the housing recession, so development was a little slow to start but has been improving recently.
  • One of the largest parks in Seattle (Jefferson Park) was remodeled in the last 10 years and provides residents of the neighborhood with access to a 7-acre food forest, a golf course and a skate park. In addition to this park, the Cheasty Boulevard Trail makes Beacon Hill a fantastic location for walkers, runners, and cyclists.
  • In 2007 the Chief Sealth Trail opened to be the first off-street, multi-use trail in southeast Seattle. The trail provides a fully separated surface and appeals to a broad range of users.
  • North Beacon Hill has great proximity to highly desirable locations for residents to visit including the International District and Downtown.
  • There are several landmarks in Beacon Hill such as the historic U.S. Marine Hospital, recently declared historic Fire Station 13 and the old Beacon Hill School. All of which contribute to the neighborhood’s unique character.
  • Beacon Hill also has proximity to several highway onramps allowing residents with cars to be within easy driving distance of a connection to Seattle’s primary road network.

Do you own an underutilized property in Beacon Hill?

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Recent examples of Beacon Hill’s ever changing presence.

Some of Beacon Hill’s newest businesses

Some of Beacon Hill’s newest buildings

Some notable projects under construction

Photos from around Beacon Hill

Do you know the owner of an underutilized property in Beacon Hill?

If so, their property may be worth more than they think.

Information is power. Share this article with them so they know their neighborhood is important, and tell them about citybldr.com where they can instantly find out how much their home is worth to a builder or developer.

Our “Countdown of the top 10 neighborhoods set for growth” continues!

Follow us on social media as we continue to count down the Top 10 Seattle neighborhoods set for growth. Next up at #3 is South Lake Union and we will share additional information next week!

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Header image courtesy of SounderBruce