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.  E Pine St is the street with the most potential in Capitol Hill:

CityBldr has identified that this street has the most undiscovered development potential. Property owners could sell for $39M more than the market suggests.  Tweet this

E Pine St was closely followed behind by Broadway E and E Pike St.

3.  Several driving forces are causing Capitol Hill significant development including infrastructure investments and the neighborhood’s prime location.

• Capitol Hill has a unique and thriving character driven by its active street life. Residents demand to be in areas where they will have no trouble finding interesting restaurants, bars, and services.
• Capitol Hill is in an incredibly convenient location and is walking distance from two major employment centers (South Lake Union and Downtown) and has great connections with University of Washington and Seattle University. The boom of office space in South Lake Union is fueling demand for apartments close by.
• The neighborhood has excellent public transport connections. Capitol Hill has a street car which connects with Pioneer Square through the International District. Also, the recent completion of the Link Light Rail station allows quick, affordable connections to much of Seattle including downtown and the airport.
• Capitol Hill has historically also been a strong residential performer for both sales and rental growth. This has led to it being a highly desirable sub-market for developers, investors and residents.
• Capitol Hill is dense with a variety of multifamily residential buildings. This provides clear examples for other developments and the neighborhood has a good grasp on bringing new projects to the market without turning a blind eye to its historic character.
• Developments in certain parts of Capitol Hill can take advantage of views to the Space Needle, Olympic Mountain Range, Downtown Seattle and Puget Sound.

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