Seattle Apartment Complex Has Opened at 23rd and Cherry
The newly completed Acer House offers 114 units, with 30% of those set aside for low-income residents in the city.
Updated on Oct. 13, 2026 in Apartments
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The five-and-a-half-story Acer House development in Seattle began seeking residents in October 2026. The project, located at 23rd and Cherry, provides a range of housing sizes for city households.
Why it matters
The development adds new housing stock to the local area, incorporating dedicated low-income units to comply with city housing affordability and tax exemption programs.
The development includes 114 total units, with 30% reserved for low-income households. Apartment sizes range from 400-square-foot studios to two-bedroom units between 700 and 800 square feet.
The players
Great Expectations
A development firm that manages residential projects and sets building lease terms for local households.
Urban Black
A commercial property management firm responsible for managing retail tenants at residential developments.
The details
Developed by Great Expectations, the building at 23rd and Cherry replaces the former Flowers Just 4 U site. It operates under Mandatory Housing Affordability and Multifamily Tax Exemption requirements following a late 2023 city council rezone. The project integrates commercial space, including a coffee shop and pet grooming, with plans to potentially host a childcare provider.
Timeline
Late 2023: Seattle City Council approved a rezone for the property.
October 2026: Acer House began seeking residents.
Money Landscape
This project reflects the ongoing expansion of Seattle's housing density under the city's Mandatory Housing Affordability requirements. It follows a trend of rezoning commercial corners to integrate residential units with local retail services.
Seattle renters looking for housing in the Central District can explore the unit configurations and eligibility for the 30% low-income allotment. Consult with a housing counselor or professional to evaluate how these rental costs align with your household budget.
The takeaway
Large-scale developments are increasing the local supply of housing, including units with income-based rent restrictions. Check current listing requirements to see if you qualify for the reserved low-income housing inventory.
Further reading
For more on finding a place to live, visit our guide on Apartments.
More information
To review floor plans or leasing availability, visit the building lease information and opportunities portal.
Source note: This article includes information reported by CHS Capitol Hill Seattle.
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