This article by Marc Stiles originally appeared in the Puget Sound Business Journal.
New Seattle Project Underscores Rising Interest in Mass Timber
"While there was buzz last week about a new University District mass timber apartment tower by a Mark Cuban company, construction continued across town on the state's tallest cross-laminated project (CLT), the eight-story Heartwood.
Scheduled for completion this spring, the project's 126 units are reserved for people with incomes of 60 to 100% of area median income. Yet the nearly $42 million project is being capitalized with no upfront public subsidy, though as an opportunity zone project it will receive a subsidy in the form of tax benefits."