180th St. Development Site
Offering Memorandum
Exclusively Offered By:
Windermere Real Estate/Shoreline
900 N. 185th Street, Shoreline, WA 98133
Chris Haynes - Direct: (206) 253-0134
JC Gagnaire - Direct: (206) 769-5671
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Windermere Real Estate/East, Inc./Yarrow Bay
3933 Lake Washington Blvd NE Suite 100
Kirkland, WA 98033
Brit Kuhnke - Direct: 206-715-9537
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Land Advisors
8151 164th Ave NE, Suite 106 #304
Redmond, WA 98052
Scott Cameron - Direct: (425) 445-0887
Mathis Jessen - Direct: (206) 963-6896
344, 350, 356 NE 180th Street, Shoreline, WA 98155
Offering Summary - $4.2M
Chris Haynes, JC Gagnaire, Brit Kuhnke, Mathis Jessen, and Scott Cameron are pleased to offer this opportunity in MUR-70 zoning to create a new multi-family development site covering 0.63 acres to build up to 70 feet high. This project includes a preliminary feasibility completed for 105 residential units with amenity deck space and 138 parking stalls located south of the future light rail station being built at NE 185th Street. The site enjoys convenient access to future light rail, freeway, local grocery stores (Safeway at 15th Ave NE & 175th and Fred Meyer near Aurora Ave N & 185th), Shoreline schools, Shoreline Community Center, Shoreline Stadium, Shoreline Library, Cromwell Park, various occupational options, recreation opportunities and more.
The Light Rail Expansion is projected for completion in 2024 and will bring with it both economic development and rapid growth in population as people, businesses, jobs, and industry continue to flock to the area supporting active lifestyles in a region renowned for its natural beauty.
This project represents a great opportunity to acquire and create a multi-family community in one of the premiere transit-oriented developments available in Shoreline.
Location Summary
Shoreline is Seattle’s closest neighbor to the North.
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The two cities are basically linked together
with minimal physical or geographical barrier in
between. This is why Shoreline is appealing
for commuters and anyone who wants to claim
“North Seattle” as their home.
Shoreline has a unique history and character
derived from original settlements dating back to
the late 1800s. The quality that brought early settlers to the area remains the same to this day: location.
The City of Shoreline offers classic Puget Sound beauty and the convenience of suburban living with the attractions of nearby urban opportunities. From stunning views of the Puget Sound to many community activities such as indoor swimming, nature trails and beach access, Shoreline’s more than 400 acres of park land and open space offer a variety of recreation and outdoor experiences.
The city recently invested $18.5 million to improve its parks which include saltwater shoreline, a botanical garden, an interurban trail and hiking trails and newly improved athletic fields, courts and playgrounds. Shoreline shares its south border with Seattle and the downtown area is only approximately 9 miles away.
Public transportation is readily available and easy to access. Metro Transit, Community Transit and Sound Transit all provide services to the surrounding communities and to the central business district.
Population: 56,020
Male: 49%
Female: 51%
Single: 54%
Married: 46%
Median household income: $80,489
Owner Occupied :62.7%
Renters: 37.3%
Median 1 Bd/1 Bth Rent: $1,403
Median 2Bd/1 Bth Rent: $1,929
TOP JOB SECTORS: *
Administrative: 13%
Management: 10.7%
Sales: 9.13%
Educational: 5.9%
Food Service: 54.98%
Financial: 5.7%
Production: 5.1%
Personal Care: 4.9%
Comp/Mathematical: 4.6%
Health Practitioners: 4.3%
Construction: 4.0%
Maintenance: 2.7%
Arts and Recreation: 3.1%
Social Services: 2.8%
* datausa.io/profle/geo/shoreline-wa/
- As of 2020
Sound Transit Link Lightrail
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The Northgate Link Extension will connect the Northgate, Roosevelt and U District neighborhoods to downtown Seattle and the airport. The elevated Northgate Station will be located east of 1st Ave NE, spanning NE 103rd Street. Station entrances will be on the Northgate Mall property north of NE 103rd Street and near the Northgate Transit Center south of NE 103rd Street. Construction is currently underway and this station is slated to open in 2021.
The Sound Transit Lynnwood Link Extension Light Rail Project will give riders a fast, frequent and reliable connection through some of the worst traffc congestion in Washington State. This extension builds four new light rail stations from Northgate to Lynnwood along the I-5 corridor, two of which will be located in Shoreline, one at 148th Street and the other at 185th Street. These stations will provide access to the Northgate Mall, bus transfers at the transit center, adjacent park-and-ride facilities, North Seattle Community College and nearby homes and businesses.
Sound Transit anticipates the project starting construction in 2018 and opening for service in 2023 with projections estimating between 63,000 and 74,000 riders each weekday by the year 2035. With trains arriving every 4 to 5 minutes, riders can expect a 16-minute commute from the station located at 145th and downtown Seattle. These transit times will save approximately 14 - 16 mins during peak morning commute times.
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Located on the east side of I-5, the Shoreline North/185th Station serves Shoreline Stadium, the Shoreline Conference Center and the surrounding neighborhoods. Improved pedestrian pathways connect the station to the west side of I-5. A parking garage with approximately 500 new spaces is also part of the project. Travel time: Shoreline North to Bellevue Downtown - 42 minutes.
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