Posted on April 29, 2011
City-owned units at Olympic Village filling quickly, should be fully tenanted by summer
The city’s 252 units at the Olympic Village are filling more quickly than similar units did in the Woodward’s project, according to a new council update from City Manager Penny Ballem. Full occupancy is expected by summer.
One parcel sits at 84 percent occupancy already and the first residents are moving into 151 East 1st Ave., the first co-op to open in the city in many years.
With the success of the receiver’s February sales program, commercial tenants are also signing leases. A new Terra Breads cafe on the main plaza is also promising a summer opening.