Office parks · Washington
Views on 5th Project
Built mixed-use conversion in Olympia with validated housing market demand; lacks site-specific details and current occupancy data. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from. documented = a quoted excerpt (click to read it) · reported = a source named, no excerpt yet · no source.
Site profile4 elements · what this retrofit is built with · tap a chip for the evidence
County typical rent $2,000+
This site: $2,043/mo zillow · all sites with thisReinhabited
This site: record · all sites with thisHousing
This site: …new_use field record · all sites with thisRetail (continued)
This site: …new_use field record · all sites with thisNow
| Status | Retrofit builtWikipedia no source |
|---|---|
| Strategy | ReinhabitedWikipedia no source |
| New uses | housing, retailWikipedia no source |
Site context
| Housing permits, Thurston County (WA), 2024 | 508 units in 5+ unit buildings, 42 in 2–4, 672 single-family; 2023: 667 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 2 within 10 km, 2 within 25 km: South Sound Center (4.4 km); 629 Woodland (5.2 km)computed |
| Retail trade in the county, 2025 (BLS QCEW) | 12,173 jobs in 721 establishments; average annual pay $46,285; employment location quotient 0.95; employment +0.6% on the yearBLS QCEW 2025, NAICS 44-45, private |
| Jobs located in the tract, 2022 | 29,231 jobs; 608 in retail trade, 1,137 in accommodation and food (workplace blocks summed to tract 53067010100)Census LEHD LODES8 WAC 2022 |
| Upward mobility (Opportunity Atlas, 2010 tract) | children of low-income (25th percentile) families reached the 45th income percentile as adults; 0.6% incarcerated at the 2010 count (85 children in the sample); born 1978–83, measured 2014–15Opportunity Insights |
| Food access (USDA FARA 2019, 2010 tract) | not a low-access tract at 1 mile; 1% of residents more than 1 mile from a supermarket; poverty rate 16.0%; median family income $87,625; 357 SNAP householdsUSDA ERS |
| Schools | Olympia School District (PK-12); 3 public schools within 1 mile: Madison Elementary School; Roosevelt Elementary School; Avanti High SchoolNCES EDGE |
| Elevation | 18 ft above sea level at the site pointUSGS 3DEP |
| Storm events in the county, 2016-2025 | 6 county-logged events: 2 flood, 2 heavy rain, 1 thunderstorm wind, 1 tornado; $826,000 property damage reported; forecast-zone events (most flood, winter and heat) not countedNOAA Storm Events |
| Homes for sale in ZIP 98501, 2026-09 | median list price $576,225 (-5.7% on the year); 148 active listings; median 49 days on market; 29% with a price cutRealtor.com Research |
| Retail trade in the county, 2012 to 2023 | 767 establishments (-0%); 13,568 jobs (+13%)Census CBP |
| Housing market in the county | typical home value $521,378 (+0% 1 yr, +11% 5 yr); typical rent $2,043/mo (+2% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 19,666 vehicles a day on 4th Ave W (principal arterial, 3 lanes); 915 trucks; 39 counted segmentsFHWA HPMS |
Summary, model-written
Views on 5th Project is a built office-park conversion in Olympia, WA, completed as a mixed-use project (housing/retail) from an original office building. It uses a 'reinhabit' strategy.
Why. The project is validated by: 1) County population growth (8.0% 2018–2023), 2) Median rent ($1,634) and housing market data (ZHVI up 11% over 5 years), 3) Recent construction permits (2023–2024: $594M total value, 1,122 units), 4) Proximity to South Sound Center (4.4km, operating mall).
Where it stands. Status: built. No active development noted. Peer projects (e.g., 508 West, Abbey Ridge) in WA share the 'reinhabit' strategy but lack direct comparison metrics.
For a planner
- Traffic: 19,666 ADT on 4th Ave W (principal arterial, 3 lanes) supports retail viability.
- Housing market shows growth (ZORI up 19.2% 5 years).
- No parcel details or site-specific zoning provided.
For a developer
- Rental market validated by median rent and permit activity.
- No opportunity score or risk factors provided (opp_score: 0.0).
- Unknown: exact site location, land use history, or current occupancy rates.
What we do not know yet
- Verified status: 'draft' (data incomplete).
- No retail tenant data or vacancy rates.
- County retail establishment count stable (-0.3% 2012–2023) but employment up 13.1%.
Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Similar sites
- 508 West, Spokane, WA · Office parks · same strategy: reinhabit; also in WA
- Abbey Ridge, SeaTac, WA · Garden apartments · same strategy: reinhabit; also in WA
- Bellevue Manor, Bellevue, WA · Garden apartments · same strategy: reinhabit; also in WA
- Woodland North, Lake Forest Park, WA · Garden apartments · same strategy: reinhabit; also in WA
Elsewhere on the web
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- retrofit already built
- county grew 8.0% 2018–23
- median rent $1,634
- housing in the record
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | Thurston County |
|---|---|
| Census division | 9 · Pacific |
| Notes | Draft from mrsc.org, model-extracted, unreviewed: The Views on 5th Project transformed a long-vacant office building into 140 apartments and ground floor commercial in downtown Olympia. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- Office-to-Housing Conversion Adds Vibrancy to Downtowns - MRSC
1 quoted sentence
The Views on 5th Project