One of Seattle's Best Transit Oriented Development Sites
240+ Units Adjacent to Light Rail Station
1.5 acres of high density, mixed-use zoning with the potential to deliver over 500 units of valuable housing to the region. The property’s location directly across the street from a multi-billion dollar station makes it a sound investment. The positive development benefits offered by transit-oriented development (“TOD”) are well documented and include strong pricing in line with downtown comps, low vacancy, appreciation, and historically lower cap rates. The Shoreline station will increase access to regional jobs, businesses, and amenities. CityBldr is operating on behalf of an outstanding ownership group to offer this tremendous mixed-use TOD opportunity to the national marketplace.
35,000sf of Ground Floor Retail
This project will offer the local community and tens of thousands of future daily transit riders access to new retail services and experiences. Commercial opportunities adjacent to denser urban transit stations have historically commanded premium rents and sustained higher rates of tenancy. This site has the potential to provide residents and other neighbors with amenities and services within short walking distances to the station, and will serve as a catalyst for development activity in this new urban transit village.
Mid-Block Pedestrian Connection
A pedestrian plaza serves to separate the massing while also responding to the design guidelines established by the City of Shoreline. Ground floor retail in close proximity to the Station makes this a sustainable retail destination. Plentiful parking will serrve over 240 residential units and support the building’s commercial activity. As an 18 hour space, the plaza serves to anchor the site in a mix of activity and neighborhood amenities.
PTE Qualified + Build Up to 14 Stories
Base density allows for 7 stories, but incorporating additional affordability into the mix would allow the buyer to go up to 14 stories, giving the site enough density for over 500 units. Green building standards exist in the design guidelines and allow for flexibility in density and massing. A pre-design meeting with the City can be arranged and the site qualifies for Property Tax Exemptions due to the level of affordability required.
Inquire Now
Seattle
- 1 Minute Walk to Metro
- Over 240 Units
- 35,000 SF Ground Floor Retail
- Attractive Land Basis
Shoreline's Future
Ask James Ellison
Director of Sales
CityBldr provides a compelling blend of service and transparency that helps drive deals to close.
Shoreline is poised for tremendous growth and this site captures that energy with its location, scale, and overall value. Inquire now and one of our team members will provide information about the deal and its availability.
