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

WSP USA projects recognized with three Calif. transportation awards

The Exposition Line Light Rail in Los Angeles received the California Transportation Foundation's Overall Project of the Year award.

City Council approves transfer of Atlanta Streetcar to MARTA

The $99 million streetcar opened in December 2014 amid sky-high expectations, but ridership failed to meet expectations in its first year and plummeted nearly 60% after the city began charging $1 to ride.

Honolulu officials submit new light rail plan to FTA

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.

Alstom to supply traction system in Chengdu, China

The contract is worth approximately $68.3 million. The line is expected to start revenue service by the end of 2019.

Hyperloop One announces 10 winners of 'Global Challenge'

The company will commit meaningful business and engineering resources and work closely with each of the winning teams/routes to determine their commercial viability.

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