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

Bombardier to overhaul Md. MTA's MARC railcars

Average weekday ridership on all three MARC lines is roughly 37,500 riders. The MARC III bi-level commuter railcars have been in service nearly 17 years.

Alstom completes public share buy-back offer, appoints new CEO

Alstom’s offer, aiming to return part of the proceeds of the transaction with General Electric on its energy businesses to shareholders, was successfully completed with over 230 millions of shares tendered.

Scientists map bedbug genome, follow pest through NYC subway

The new work could help combat pesticide resistance in the unwelcome parasite.

Amtrak expands pets program across U.S.

More than 2,700 pets have traveled with their human companions along the Northeast Corridor since the pilot launched in October 2015.

Residents question 'fake' cemetery in path of proposed high-speed rail

Google Satellite Map images of the Acton, Calif. property from 2016 did not show any tombstones as of Monday, Feb. 1.

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 number 1 resource for vocational 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