185th St. Development Site
Offering Memorandum
Exclusively Offered By:
Windermere Real Estate/Shoreline
900 N. 185th Street, Shoreline, WA 98133
JC Gagnaire - Direct: (206) 769-5671
Chris Haynes - Direct: (206) 253-0134
18504, 18510, 18516 & 18522 8th AVE NE
Shoreline, WA 98155
Offering Summary
J.C. Gagnaire & Chris Haynes are pleased to offer this opportunity in MUR-70 zoning directly across the street from the future Sound Transit Light Rail station in Shoreline to create a new multi-family development site covering .97 acres to build up to 100’ high. This project includes a preliminary feasibility completed for 239 units with 181 parking stalls. The site enjoys convenient access to future light rail, freeway, local grocery stores (Fred Meyer at 185th Ave NE & Highway 99 and Central Market near Aurora Ave N & 155th), Shoreline schools, Shoreline Community College, Shoreline parks, work, and recreation opportunities.
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The Light Rail Expansion projected for completion in 2024 will bring with it 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 development opportunities available in Shoreline.
Location Summary
Shoreline is Seattle’s closest neighbor to the North.
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 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 felds, courts and playgrounds. Shoreline shares its south border with Seattle and downtown Seattle is 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.
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 daily 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 at 145th and downtown Seattle. These transit times will save approximately 14 - 16 min during peak morning commute times.
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Shoreline Experts
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J.C.’s wealth of commercial and residential experience in the greater Seattle area allows him to consistently identify key opportunities for his clients, whether it’s establishing a proven marketing plan, evaluating properties or reviewing technical and legal points, J.C. produces impressive results and takes every measure to assure that all of his clients’ real estate goals are achieved.
J.C. positions himself globally on the internet through various networking channels so he can act as a liaison between Seattle sellers and international developers, builders, and investors in the continuing emerging Seattle area. He has his clients’ best interests in mind and uses strong perseverance to assure their real estate goals are achieved and he is persistent in negotiating the best results.
Chris’s local expertise and extensive commercial real estate experience benefits property owners, developers, builders, and investors at every stage of every real estate transaction with clear support, strong communication, and expert negotiations.
Chris considers the greater Seattle area an excellent place to reside and would love to share with you his enthusiasm for the many neighborhoods that encompass it. He prides himself on providing unparalleled service and looks forward to developing a long-term relationship with everyone he serves.
Together, J.C. & Chris have more than 29 years of combined experience, and they are currently working with local home builders and commercial developers. They have successfully completed transactions over $200,000,000, and their projects for 2022 are valued at over $21 million.
Please consider that J.C. & Chris are viable counsel as Commercial Brokers with regards to the Shoreline Mixed Use Residential Zoning, and they would invite you the opportunity to utilize them as advocates and allow their expertise to be your resource. You would be offered access to their professional network, including attorneys, tax specialists, real estate builders and developers, among others, to help you meet your objectives.
