"No better site exists currently in the Seattle market for Transit Oriented Development - it's 250 feet from the station."
- The opportunity to acquire one of the last remaining large scale development sites in the Seattle region. The current site is improved with seven single family homes. The existing structures can be preserved as cash-flowing properties until the start of construction.
- The site is an entire 1.5 acres located directly adjacent to the future Light Rail Station
- Over 60,000 anticipated stops anually
SHORELINE | SEATTLE, WASHINGTON This 1.5-acre site consists of seven lots at the intersection of 145th Ave N and 5th Ave. The site permits height up to 70 feet and must be improved with ground floor commercial, to include outdoor seating or retail space. The site permits an unlimited intensity of use making it optimal for Transit Oriented Development. Shoreline is anticipating growth previously seen only within Seattle city limits thanks to the delivery of a Light Rail station. This growth includes restaurants, hotels, apartments and office construction all planned to deliver ahead of the Shoreline Station. Directly adjacent to the subject site, the City of Seattle’s light rail station will deliver thousands of renters daily upon completion. Diverse property ownerships, relatively small property sizes, and relatively high improvement (home) values present challenges for large scale development projects. A modest sized mixed use project can easily be 1.5 acres, which would require the acquisition of multiple contiguous single family home lots within a narrow time frame, and in the right location. This can be very time consuming and logistically challenging without a partner like CityBldr.
MUR-70 ZONE | MIXED-USE RESIDENTIAL—70-FOOT HEIGHT LIMIT: This zone allows building heights of 70 feet, generally seven stories tall with some flexibility for different roof top amenities. This zone would accommodate mixed use with residential and/or office uses above commercial or other active use at the ground floor level. Building types would generally be 5 over 2 (five levels of wood-frame construction over a two level concrete podium at the ground floor level).