Two apartment projects, including affordable housing, are expected to be built over the next few years adjacent to the Angle Lake Station light rail facility at SeaTac.
Sound Transit’s Board of Directors on Thursday, February 24 approved key terms of the transaction with the developers for the construction of two transit-oriented (TOD) development sites adjacent to Angle Lake Station and SeaTac’s garage .
Mercy Housing Northwest was selected last year to develop the three-quarter acre site known as Angle Lake TOD North. South 200th Street Station, LLC has been selected to develop a two-thirds acre property known as Angle Lake TOD South.
Projects could be similar to what could one day be built next to Kent Des Moines station after Sound Transit completes 7.8-mile light rail extension from Angle Lake to Federal Way in 2024 TOD could include different types of housing, retail, restaurants, offices and community spaces to create a vibrant neighborhood seamlessly connected to regional transit. Sound Transit has two large sites in Kent which it will market to developers.
Mercy Housing Northwest will build a minimum of 85 affordable housing units and commercial or office space on the ground floor, according to a press release from Sound Transit. Units will be a mix of studios and one, two and three bedroom apartments. More than half of the units will be family units with two or three bedrooms.
Mercy Housing Northwest would also reserve about 20 housing units for residents living with developmental or developmental disabilities. Mercy Housing is partnering with The Arc of King County to move its headquarters to ground floor space.
Mercy Housing Northwest will pay a reduced land purchase price of $300,000 to $400,000 to Sound Transit. The property was appraised in 2019 for $2.4 million, according to Sound Transit.
South 200th Street Station, LLC intends to incorporate the south property into its adjacent main development project. As a condition of the transfer of ownership of Sound Transit, a minimum of 230 housing units will be created as part of the development of the master plan, with 20% of the units being provided as affordable housing.
The developer will pay Sound Transit $1.95 million for the property.
“It’s clear that we have an affordable housing crisis in the Puget Sound area, and I’m proud that Sound Transit is playing a role in helping to address it,” said Dave Upthegrove, Sound Transit Board Member and Board Member. of King County whose District 5 includes SeaTac and Kent. “Of the 2,500 housing units under development or already built, 1,600 of them will be affordable housing. These SeaTac projects are a positive step in addressing a critical community need.
Mercy Housing Northwest also has other projects with Sound Transit.
“We are grateful to Sound Transit for their partnership and excited to have Angle Lake as our sixth transit-focused development on light rail,” said Joe Thompson, president of Mercy Housing Northwest. “For most families, transportation comes second only to housing as the biggest cost to households. By locating affordable, family-sized housing and life-changing resident service programs alongside high-quality public transit, Mercy Housing Northwest creates transformational impacts for families and communities.
Mercy Housing Northwest is targeting late 2022 to begin construction on its project, according to Sound Transit. South 200th Street Station, LLC hopes to launch its project in 2024.
Mercy Housing Northwest has been providing affordable housing since 1992 to low-income people, including families and seniors. With 47 properties in Washington and Idaho, it serves 5,100 people every day. Mercy Housing Northwest is a regional arm of Mercy Housing, Inc., a leading national affordable housing nonprofit headquartered in Denver.