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Central Area Development Association 

Description

Central Area Development Association (CADA) is a non profit community development corporation. CADA works to revitalize the Central Area neighborhood of Seattle. CADA has concentrated its revitalization efforts along the 23rd Ave. S. and S. Jackson Street business node. CADA works to achieve its mission primarily through real estate developments. These developments create mixed income affordable housing, business and employment opportunity in the Central Area.

Mission Statement

CADA's mission is to revitalize the Central Area neighborhood by enhancing the economic vitality, affordability and livability of the community.

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Central Area Development Association
320 17th Ave S 
Seattle 
WA
98144-2153 
(206) 328-2240 

George M. Staggers 
Chief Executive Officer 

Programs

Central Area Development Association Programs

CADA Develops Mixed Use Projects. Mixed use buildings allow CADA to simultaneously create business, employment and housing opportunity in one place. Pursuing these projects allow CADA to capitalize on developable land while maximizing the creation of community resources. These projects replace vacant land and improve the neighborhoods curb appeal. They also provide mixed income housing opportunity for households at or below 80% of the area median income.

CADA Develops Multifamily Buildings. Multifamily projects allow CADA to create and preserve affordable housing opportunity. These projects offer housing opportunity to households at or below primarily 30-65% of the area median income.

CADA also pursues Neighborhood Stabilization Programs (NSP's). CADA is approved via Chase Bank to purchase some of their residential foreclosures to rehab and rent or re-sell to create affordable housing opportunity. CADA is also working to designate Jackson Street as a Business Improvement Area (BIA). This designation via the City of Seattle will allow Jackson Street business owners access to earmarked funding for training, technical support and corridor improvements.

Recent Successes and Current Challenges

CADA recently completed its third mixed use project, Squire Park Plaza. Squire Park Plaza offers 59 mixed income apartments above 11,000 sqft of retail and office space. These apartments provide 29 market rate units and 30 units for households between 50%-80% of the area median income. The plaza replaced a 30 year vacant land lot. Squire Park Plaza is the first mixed use project CADA has completed as the sole developer.

CADA's most critical need is general operating support. As a non profit developer, CADA's core business is real estate development. CADA utilizes general operating support to pursue project and program feasibility as well as develop. The management of these projects and programs by CADA's staff utilizes general operating support. General operating support funding will allow CADA to strengthen its capacity allowing it to maintain and grow the organization.

Evaluation

The Central Area Development Association (CADA) works to revitalize the Central Area of Seattle primarily through real estate developments that create affordable, mixed-income housing and business opportunities for this changing neighborhood. It historically has partnered with private real estate developers to complete its projects, but most recently served as the sole developer for Squire Park Plaza.

Leadership
• CADA is working to designate Jackson Street as a Business Improvement Area (BIA) – this designation through the City of Seattle will provide business and property owners with access to earmarked funding to improve their businesses and the corridor.
• CADA’s pioneering mixed use developments, Main Street Condominiums and Welch Plaza, built in 2000 and 2004 along 23rd and Jackson, were the first large scale projects in the neighborhood in more than 30 years.


Proven Success
CADA has completed nine mixed use projects within the Central Area, replacing vacant properties and enhancing neighborhood curb appeal. Through these projects, millions of dollars have been invested in the neighborhood, resulting in more than 1,000 units of housing and more than 50,000 square feet of retail and office space.

Grant History with The Seattle Foundation:

Grants Awarded through The Seattle Foundation Grantmaking Program:

DateAmountPurpose
6/10/2011 $15,000.00support general operating expenses.
6/10/2009 $20,000.00support general operating expenses.
12/14/2006 $25,000.00support general operating expenses.
9/16/2004 $20,000.00support general operating expenses.

Financials

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