Olsen Anderson Breaks Ground on 21-Unit Capitol Hill Townhome Community

Olsen Anderson is thrilled to announce the groundbreaking of Capitol Hill Townhomes, a new 21-home community located in the vibrant Capitol Hill neighborhood of Seattle. This exciting project will feature 20 market-rate townhomes and one affordable unit, designed to meet the growing demand for urban housing in one of Seattle's most sought-after areas. With living spaces ranging from 1,487 to 1,665 square feet, these homes will offer modern amenities, including rooftop decks with stunning Cascade Mountain views, designer kitchens, and open layouts. Select homes will also include carports with EV charging, providing added convenience for residents.

Prime Location and Accessibility

Situated at 1609 19th Avenue, Capitol Hill Townhomes boasts a Walk Score of 97 and a Transit Score of 74, making it an ideal location for those who value accessibility. Residents will enjoy easy access to nearby light rail services, Cal Anderson Park, and a plethora of dining options. The community is also conveniently located near major employers such as Amazon and Microsoft, making it an attractive option for professionals seeking a vibrant urban lifestyle.

Conceptual rendering of Capitol Hill Townhomes — Olsen Anderson’s 21-home community in Seattle’s Capitol Hill neighborhood, featuring modern design and private rooftop decks.

Project Milestones Achieved

The Capitol Hill Townhomes project has already achieved several significant milestones, paving the way for a successful development. Key accomplishments include:

• Permits Approved: All necessary permits have been secured, allowing construction to move forward without delay.

  
  

• Capital Secured: Funding for the project has been successfully obtained, ensuring financial stability throughout the construction process.

  
  

• Construction Loan Closing: A construction loan has been finalized with Mountain Pacific Bank, providing the necessary resources to commence building.

  
  

• Off-Market Land Acquisition: The land for the project was acquired off-market, allowing for a strategic investment opportunity.

  
  

• GMP Executed: The Guaranteed Maximum Price (GMP) has been executed, establishing a clear budget for the project.

  
  

• Demo Complete: Demolition of existing structures on the site has been completed, making way for the new townhomes.

  
  

• Vertical Construction Starting: Vertical construction is set to begin in Fall 2025, marking a significant step forward in the development timeline.

  
  

The timeline for the project indicates that the first homes will be ready for occupancy by Q4 2026. This timeline positions Capitol Hill Townhomes as a timely addition to Seattle's housing market.

Drone view of the Capitol Hill Townhomes site after demolition — the land is now cleared and prepared for foundation work, marking a key milestone on the path to construction.

Market Context and Demand

These market dynamics make Capitol Hill Townhomes a well-positioned investment opportunity. The combination of a prime location, increasing demand for urban housing, and a limited supply of new construction creates a favorable environment for investors looking to capitalize on Seattle's thriving real estate market.

Conceptual rendering of Capitol Hill Townhomes — Olsen Anderson’s 21-home community in Seattle’s Capitol Hill neighborhood, featuring modern design and private rooftop decks.

Developer Track Record

Olsen Anderson has a proven track record in the Seattle real estate landscape, having successfully delivered over 100+ homes and currently has another 100+ homes in their pipeline. The company has established itself as a reliable and experienced developer in the region.

Drone view of the Capitol Hill Townhomes site with the Seattle skyline in the background, showcasing the community’s central location and connectivity to the city’s core.

Conclusion

The groundbreaking of Capitol Hill Townhomes marks an exciting development in Seattle's Capitol Hill neighborhood, offering a unique blend of modern living and urban convenience. With a focus on quality design in an A+ core location, this project is set to enhance the local housing landscape.

Follow Olsen Anderson for updates on the progress of Capitol Hill Townhomes and to learn more about this promising Seattle townhome development. For more information, visit olsenanderson.com.