Overview
If you’ve grabbed a bite at Crawfish Chef in Cedar Crossing, you may have noticed the empty lot right across Roosevelt Way NE. It’s been over a year since the old Bank of America building, long considered a dangerous eyesore, was torn down. Now there’s an exciting new plan taking shape for that spot.
In late April 2026, Da Li Development USA and MZA Architecture unveiled a concept for an eight-story mixed-use building. The plan calls for 115 homes, roughly 4,000 square feet of ground-floor retail space, and 1.5 levels of underground parking with 58 spots. They are currently seeking public comment and feedback on their official project website, and aim to start construction in 2028 and finish in 2029.
Land Use Context
The site is currently zoned NC3P-95 (M), short for Neighborhood Commercial 3 Pedestrian, 95 feet, a designation that’s been in place since April 19, 2019, under Ordinance 125791. Because the lot sits across a major road (Roosevelt Way NE) from Cedar Crossing and is close to the light rail station, this zoning allows for a tall, dense building, up to 95 feet, that mixes housing with a variety of businesses. At the same time, since the site borders two major Roosevelt streets, it has to stay walkable and pedestrian-friendly. That means no surface parking lots in view, which is why the parking is tucked underground instead.
The project is also subject to Seattle’s Mandatory Housing Affordability (MHA) program. This gives Da Li two options: pay into the city’s affordable housing fund, which helps build affordable housing elsewhere in Seattle, or set aside some of the units on-site as affordable housing. Roosevelt falls into MHA’s medium tier, so if Da Li decides to build affordable units on-site instead of paying the fee, they’d need to set aside about 6% of the units, roughly 7 to 8 units, as affordable housing.
Although the BofA building was demolished in 2025, the project is still in its very beginnings as of May 2026.
- April 2026: Neighborhood Outreach and Early Design Guidance
- TBA: Land Use Permit Issued
- TBA: Construction Permit and Start
- TBA: Construction Complete
- TBA: Grand Opening
Issues and Solutions
For years after it was vacated, the former Bank of America building at 6615 Roosevelt Way NE was a serious public safety and health hazard for the neighborhood. City inspectors first confirmed problems in December 2022, citing rampant vandalism and junk and furniture piling up outside, and by March 2023 the building was found to be completely unsecured, prompting the City’s first Emergency Order on April 6, 2023. From there, things kept getting worse: squatters got in, criminal activity and drug use took hold, and the site accumulated litter, trash, and human waste, leading the City to issue more Emergency Orders on June 21, September 5, and November 21, 2023, and again on April 18, May 23, and August 15, 2024.
The danger peaked in the summer of 2024, when two separate trash fires set outside the building were followed by an actual fire inside the structure on August 8, 2024, serious enough that the fire department had to respond. Even with the City’s repeated Emergency Orders to secure the property and clear the overgrown vegetation, it remained a persistent nuisance that required monthly monitoring, until the building was finally demolished in the first quarter of 2025, a resolution the City confirmed with a final inspection on February 20, 2025, that officially put an end to the long-running safety concerns. The Roosevelt Neighborhood Association majorly contributed to the demolition of the dangerously derelict building. You can read more about how we accomplished that in the Land Use article.
Since the BofA building was demolished, no subsequent safety issues have occurred.
Since this project is still early in the process, just getting started with Early Design Guidance, there isn’t much the neighborhood can do right now to speed up the development process. On top of that, the project’s timeline depends a lot on broader economic conditions, like interest rates. When borrowing costs go up, projects like this can slow down or even stall.
The good news is that no safety issues have come up on the empty lot since the blighted Bank of America building was torn down. But if hazards like overgrown weeds, encampments, or illegal dumping show up, we can flag it for the city. Just contact the Seattle Department of Construction & Inspections (SDCI) at 206-615-0808, or file a report through the “Make a Complaint” tool on their online portal.
Site Valuation History
| Year | Total Appraised Value |
|---|---|
| 2025 | $7,235,500 |
| 2024 | $7,235,500 |
| 2023 | $7,235,500 |
| 2022 | $7,235,500 |
| 2021 | $7,235,500 |
| CAGR | 0% |
The time period starts when the Bank of America location closed its doors. Valuation history includes estimates from King County Department of Assessments starting from when the project was first proposed. They are only an approximation and are heavily influenced by a variety of factors, including the existence and condition of built structures.
Resources:
- Project Proposal 1: Early Design Guidance
- Project Website
- Ordinance 125791
- Chapter 23.58C.040 – Mandatory Housing Affordability for Residential Development, Payment Option
- Chapter 23.58C.050 – Mandatory Housing Affordability for Residential Development, Performance Option
- 2026 Puget Sound Business Journal Article
- Parcel Info for 6615 Roosevelt Way NE
More Roosevelt Horizon Projects
Learn more about Roosevelt land use on the Roosevelt Horizon page.