In West Seattle, workers from the unions of the Seattle Building and Construction Trades Council ( SBCTC ) are in the middle of a major green construction project that will convert an area that sat vacant for more than five years into a nearly 200-unit rental property.
The $48 million Youngstown Flats project, funded by the AFL-CIO Building Investment Trust ( BIT ), will be completed in the spring and is bringing a big boost to the local economy. Last week, BIT officials and local labor leaders took time off to honor the workers at a ceremony and special luncheon on site for “dedicating their time and skills to making this building project a reality,” said Mike Stotz, president of the AFL-CIO Investment Trust Corporation ( ITC ).
Lynne Dodson, secretary-treasurer of the Washington State Labor Council ( WSLC ), said unemployment, especially among construction trades, is high in the state.
The Youngstown Flats will provide hundreds of jobs for local workers during construction and further down the road in the maintenance of the completed building. Projects like these are exactly what we need to reduce unemployment in our state.
SBCTC Executive Secretary Lee Newgent said BIT’s Youngstown Flats project:
creates jobs, which will invite new residents to our community. They will patron neighborhood businesses.
The multi-use residential/business building is being constructed using environmentally friendly methods and sustainably sourced materials. Unique eco-conscious amenities also set this building apart, including live/work lofts available for home-based businesses and artist residents. The ground floor of the building will be home to a variety of businesses that will offer services to residents and the community
The BIT operates with one of the most comprehensive labor policies in the real estate industry to ensure that its investments generate good union jobs in construction and related industries. Since inception, the BIT labor policies have enabled the Trust to generate an estimated 54 million hours of construction work, as well as thousands of permanent union jobs in the service, maintenance and operation of properties owned by the BIT.