Ribbon-cutting marks completion of mixed-income condos in Seattle’s Phinney Ridge

SEATTLE — Homestead Community Land Trust celebrated the completion of Nest, a new mixed-income condominium community on Seattle’s Phinney Ridge, during a ribbon-cutting ceremony on Friday.

The development creates 30 homeownership opportunities in one of Seattle’s most sought-after neighborhoods, including 19 permanently affordable homes and 11 market-rate homes.

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Located at 6109 Phinney Ave. N., Nest is Homestead’s second condominium development on Phinney Ridge and the latest addition to its portfolio of permanently affordable homeownership communities.

Residents will have walkable access to neighborhood businesses, transit, and parks, as well as views of the Cascade and Olympic mountain ranges.

Homes designated for income-qualified households are expected to be priced between approximately $250,000 and $335,000, compared with Seattle’s median condominium price of about $600,000.

Speakers at the ribbon-cutting ceremony included Washington Gov. Bob Ferguson, state Sen. Emily Alvarado, Nicole Vallestero-Soper, director of policy and innovation for Seattle Mayor Katie Wilson, and Homestead homeowner Jessica Garcia-Ortiz.

The project was developed on a site assembled from a former Seattle City Light property made available through the City of Seattle for affordable homeownership and an adjacent parcel acquired by Homestead.

The development highlights how public land, public investment, and community partnerships can be used to create long-term homeownership opportunities in high-cost neighborhoods.

Nest includes one-, two-, and three-bedroom homes, rooftop community space, and all-electric, fossil-fuel-free construction.

The homes feature heat pumps, induction ranges, and modern building systems designed to reduce environmental impact and operating costs.

The development also incorporates environmentally sustainable materials and bio-based, PVC-free flooring that is cradle-to-grave certified carbon neutral.

The development was made possible in part through the transfer of a former Seattle City Light property for permanently affordable homeownership, advancing the use of public land to support housing affordability in Seattle.