If you have found yourself in Downtown Seattle the past couple days, you may have noticed that the new Seattle Street Car has been doing some test runs. With its official opening around the corner, December 12th, residents of several downtown projects will be able to take advantage of the new service. So what does this mean for the condo market? A couple things actually, the first being, we will see many projects use this new addition to downtown as a selling point for their condos. Secondly, and more importantly, the streetcar is expected to create jobs for an already expanding Seattle job market. In the next 15 years it is projected that 15,000 to 23,000 jobs and 8,000 to 10,000 housing units will be created in the downtown area alone. Along with building an infrastructure for new jobs and housing, Mayor Nichols hopes that the Seattle Streetcar will help create a more vibrant and eclectic mix in downtown urban neighborhoods. For more information on the streetcar, such as route maps and schedules head over to its website.
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