Rendering of the future Capitol Hill Station “site A” from top-ranked developer Gerding Edlen
The multi-site retail and housing project that will surround the Capitol Hill light rail station between John and Denny will be one of Broadway’s defining features for decades to come. Now it’s time to find out who gets to build it.
After having nearly six months to score bid proposals from four development teams, Sound Transit is expected to announce the winning developers this week. The four-site project will include 100,000 square feet of “transit oriented development,” including housing, commercial, and community spaces.
The winning developer team will need to be confirmed by the Sound Transit Board, which is expected to happen at this Thursday’s meeting.
UPDATE 1:28 PM: Sound Transit has announced that Portland-based Gerding Edlen Development’s bid as a “master developer” for all properties has ranked highest in the selection process. Plans call for 418 apartments with 38 percent of units to rent for below market rate for 12 years and 86 units designated for “permanent affordable housing.” A third of the units will have at least two bedrooms.
Gerding estimates the project to cost $124 million for three sites, not including the affordable housing site. According to the 262-page bid document, construction for Site A is slated to start around summer 2016 and last through August 2017.
Site B North (Image: Gerding Edlen)
In a win for neighborhood activists, the developer plans to include space for a community center and daycare with subsidized rates, and signaled its intention to sign a 24-year lease with the Broadway Farmers Market. Letters of intent from the farmers market and Bright Horizons were included in the winning bid packet, as was a proposal for a LGBTQ office space called OutSmart Co-working.
On the retail side, Gerding says it heard the neighborhood’s calls for smaller storefronts to accommodate local independent shops and will include such spaces in the project. The developers are also seeking an anchor tenant for a larger space, and are already in talks with “a northwest-based neighborhood grocer interested in expanding operations to Seattle.”
Plans for a retail “bazaar” at Site A-North, called The Market Hall, envision “a mix of local retailers, served by booths of varying sizes to accommodate the start-up entrepreneur as well as more established specialty retailers.” Gerding says it plans to work closely with the Capitol Hill Chamber of Commerce to select a retail broker and future tenants.
Seattle architecture firms Hewitt and Schemata Workshop were both tapped by Gerding to help design the buildings, which will be subject to a streamlined design review process.
“This development will be a neighborhood asset for decades to come,” said Sound Transit Board member and Seattle Mayor Ed Murray in a statement. “As a centerpiece of the Broadway business district, with affordable housing, a farmers market and a daycare, this proposal envisions a community for all to enjoy.”
The project’s affordable housing building, Site B-North, was intended to be developed and run by a nonprofit housing organization, but Gerding’s nonprofit partner pulled out from the project last year. Gerding says it intends to find another nonprofit partner to run the site.
Scenarios for leasing and purchasing the two acre Broadway property were both included in Gerding’s bid document. Sound Transit has valued the properties at $25 million. Contract negotiations are expected to last through the end of the year.