SeaTac Center

Posted by City of SeaTac, WA

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Development Site

Size

5.26 acres

Ownership

Publicly Owned

Site Description

The South 154th Street Station Area will be a vibrant, mixed-use residential neighborhood that connects people of various backgrounds. The station area will be pedestrian-oriented, visually pleasing, easily accessible and integrated with high-capacity transit. The City of SeaTac envisions the South 154th Street Station Area to be a regional example of transit-oriented development that generates and encourages transit use. The station area will accommodate future growth by providing high-quality residential and mixed-use developments with good access to employment centers. These attributes create a good place for families, an interesting place for visitors, a profitable place for businesses and a special gathering place to celebrate cultural diversity. Sound Transit’s light rail is to began service from this station to downtown Seattle in July 2009 and to the Sea-Tac International Airport in December 2009. The City of SeaTac is actively pursuing private investment and redevelopment of this station area by a comprehensive implementation strategy that will require significant public investment.

Local Description

Amazing opportunity for new investment at light rail station. Contact City of SeaTac’s Economic Development Program at 206.973.4812 or jrobinson@CityofSeaTac.com.

Fee Schedule

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Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Zoned for Preferred Outcomes

Political Support

Community Support

Fast Track Approval

Other Incentives

Housing Credits

Reduced Fees

Financial Programs

Hotel-Motel Capital Fund—SeaTac has a base of approximately $5 million in hotel-motel funding reserves for qualified tourism-related capital projects. General Obligation Bond Financing—The City is prepared to allocate up to 30% of its currently unused capacity of $44.2 million in non-voted general obligation (GO) bonding, or $13.3 million, for qualified economic development investments.

Tax Credit

Multi Family Tax Exemption- Developers can qualify for an 8-12 year tax exemption for new development in residential targeted areas.

Costs

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Infrastructure

Transportation

SeaTac/Airport Light Rail Station: Located just west of the corner of the intersection of S. 176th Street and International Boulevard (SR 99), near the northeast corner of the main airport parking garage. Offers a 36-minute ride from the City of SeaTac to downtown Seattle – every time regardless of the weather or highway traffic. Offers 20-hour-a-day train service, from 5 a.m. to 1 a.m. on weekdays.

Other

Sound Transit is investing $250 million on light rail and the SeaTac/Airport Station in SeaTac.

Private Investment

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Local Development Trends & Market Indicators

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3261 S 152 Nd St, Seattle, WA 98188

0.12 acres (5365.43 sqft)
Owner
Details
APN: 0043000019
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Seattle, WA 98188

0.21 acres (8989.42 sqft)
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15247 S 154 Th St, Seattle, WA 98188

1.77 acres (77244.75 sqft)
Owner
Details
APN: 0043000013
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3253 S 152 Nd St, Seattle, WA 98188

0.3 acres (13216.86 sqft)
Owner
Details
APN: 0043000021
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15211 International Blvd, Seattle, WA 98188

0.08 acres (3268.92 sqft)
Owner
Details
APN: 0043000093
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Seattle, WA 98188

0.11 acres (4960.57 sqft)
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15209 Military S Rd, Seattle, WA 98188

0.37 acres (16287.38 sqft)
Owner
Details
APN: 0043000020
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15221 International Blvd, Seattle, WA 98188

2.29 acres (99668.82 sqft)
Owner
Details
APN: 0043000015

Contact Anthony Anderson

Anthony, from City of SeaTac, WA, has more details.

Created on November 20th, 2014 (last updated over 1 year ago)