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Coronado Springs
Coronado Springs
Coronado Springs
Seattle, WA
Redevelopment - Completion 2004


The redevelopment of Coronado Springs represented a unique partnership between private sponsors and the King County Housing Authority. Utilizing Low Income Housing Tax Credits, Tax-exempt bonds, Taxable bonds, and a low interest energy loan , the sponsors were successful in acquiring the property and completing a very complex physical transformation of the project; to the delight of both the residents and the surrounding community. The remodel consisted of installing EIFS at the exterior of the nine story brick tower, photometric light design for exterior walkways and a complete exterior and interior makeover of the property. The property, which had become notorious in the neighborhood as a haven for drug and criminal activity, is now a model for change in the community. Coronado Springs is a 332-unit complex located just minutes from downtown Seattle.
 

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