You have covered the co-homeownership wave: micro-units, fractional models, the slow loosening of what ownership has to look like. What we are launching next in Seattle is where that movement was always headed. It is a patented, mortgage-based co-homeownership framework that turns renters into homeowners. Each owner holds their own mortgage, their own membership interest, and the freedom to sell when they decide the time is right.
The Grove by reSpace in Ballard
Building permits have been approved for The Grove by reSpace in Seattle's Ballard neighborhood. The property is three architecturally distinct buildings with eight private suites, anchored by shared spaces designed with real care.
- The Heartwood: the main residence, with four private suites plus a shared common-area kitchen and living, dining, and multifunctional spaces.
- The Conifer (ADU) and The Evergreen (DADU): each offers two private suites with full access to the shared amenities.
Ownership starts at $179,000. That puts it within reach at about what a one-bedroom apartment rents for in Seattle. The difference is what you walk away with. This is ownership you keep, with an individual mortgage and the right to exit on your own terms.
Privacy, Community, and Lasting Ownership
The model is built to protect privacy while actually delivering community. Each resident owns their suite. Everyone shares the generous common spaces, the outdoor areas, EV-ready parking, and flexible amenities that make a house feel like a neighborhood.
The legal and financial structure is fully scalable and already cleared for replication in other high-demand urban markets. We have identified 60 cities where it can expand.
This is a model that speaks directly to the conversations you are already having: housing access, climate impact, missing-middle zoning reform, and a connected way of living that asks no one to give up their autonomy or their chance to build wealth over time.
"Homeownership should not be a luxury reserved for the few," says Katrina Eileen Romatowski, Founder and CEO of reSpace. "Our co-homeownership model turns today's demand into lasting ownership, with privacy, community, and price points that actually make sense in real neighborhoods."
For Media
We are glad to arrange interviews with Katrina, share floor plans and ownership models, and host an advance media walk-through of The Grove site in Ballard. Reach us at [email protected] or 206-222-2919.
Not an investment. Not a solicitation. reSpace is a structured co-homeownership platform.
Frequently Asked Questions
What is The Grove by reSpace?
The Grove is a co-homeownership community in Seattle's Ballard neighborhood with approved building permits. It spans three architecturally distinct buildings, The Heartwood, The Conifer, and The Evergreen, holding eight private suites in total. Residents own their own suite while sharing generous common spaces, outdoor areas, EV-ready parking, and flexible amenities designed to feel like a real neighborhood.
How much does ownership at The Grove cost?
Ownership at The Grove starts at $179,000. That is roughly what a one-bedroom apartment rents for in Seattle, except here you keep what you put in. Each owner holds an individual mortgage and a membership interest in the property, plus the right to sell and exit on their own terms when the time is right for them.
How is reSpace co-homeownership different from renting?
Renting leaves you with nothing at the end of the month. With reSpace co-homeownership, each resident holds their own mortgage and their own membership interest, so payments build lasting ownership over time. You own your private suite outright, share the common areas with neighbors, and keep the freedom to sell whenever you decide.
What suites and shared spaces does The Grove include?
The Heartwood, the main residence, holds four private suites plus a shared common-area kitchen and living, dining, and multifunctional spaces. The Conifer (an ADU) and The Evergreen (a DADU) each add two private suites with full access to the shared amenities. Every suite is privately owned while the common spaces, outdoor areas, and parking stay shared.
Can the reSpace model expand beyond Seattle?
Yes. The legal and financial structure behind reSpace co-homeownership is fully scalable and already cleared for replication in other high-demand urban markets. reSpace has identified 60 cities where the model can expand. The Grove in Ballard is the next Seattle launch of a framework built to bring lasting ownership to neighborhoods across the country.
Is The Grove an investment opportunity?
No. reSpace is a structured co-homeownership platform, not an investment or a solicitation. The Grove is a place to live and own, where each resident holds a real mortgage and membership interest in a home they occupy. The model is designed around privacy, community, and price points that make sense in real Seattle neighborhoods.