Rail

Sound Transit completes TOD land sale

Posted on March 4, 2013

Seattle’s Sound Transit completed the sale of land adjacent to its Mt. Baker Link light rail station for a major transit oriented development including live/work apartments above ground floor commercial tenants. Sound Transit closed the transaction with Artspace, a national leader in nonprofit residential development.

This is Artspace’s third project in Seattle after successes with the Hiawatha and Tashiro Kaplan Artists Lofts. The new $18 million project will be a mixed-use arts facility containing 57 rental units of affordable live/work space for artists and their families. The ground floor will include a community room and 12 commercial spaces for non-profits, creative enterprises and related businesses.

Sound Transit and Artspace entered into negotiations for the property after a competitive public process soliciting qualified development proposals for the Rainier Valley site.

Artspace currently has about 800 residential applicants on waiting lists for its live/work spaces in Seattle.

View comments or post a comment on this story. (0 Comments)

More News

US High Speed Rail launches TOD Institute, conference

Will work to increase the supply of new TODs and rail systems across America and will be holding a series of national and local events bringing together business and political leaders with planners and experts to advance knowledge sharing and project deal making.

Bombardier wins 30-year Toronto light rail maintenance contract

In addition to providing equipment maintenance, Bombardier will also deliver its Automated Vehicle Inspection System and its Bombardier Orbiflo advanced condition monitoring system to automatically inspect the vehicles and provide predictive maintenance capabilities.

D.C. Metro celebrates first year of Silver Line service

More than 35,000 weekday trips were taken to or from the five new Silver Line stations last month, an average of 17,088 riders per day. 

Chicago's Metra meets on-time goal for 4th straight month

For the first half of 2015, the systemwide on-time performance rate was 95.8%. Metra, which is also tracking the top causes for train delays, also reported that 735 of 17,433 trains were tardy by six minutes or more in June.

Sound Transit's Lynwood LR extension completes environmental review

With the ROD in hand, Sound Transit can continue the process to compete for the federal funding that is necessary to help pay for the project.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close