In spring 2018, developer Gerding Edlen will finally break ground on the 100,000-square-foot Capitol Hill Station commercial, housing, and community space project. To do it, the developer needs to sign a land lease for the Sound Transit-owned property.
On Thursday, the Sound Transit board will vote on three 99-year lease agreements to hand over control of Sites A, B-South, and C — the paved over, fenced off parcels along Broadway between E Denny Way and E John. If approved, it would put Gerding on track to finish the project in fall 2019.
UPDATE (3:20 PM): The Sound Transit board unanimously approved the lease agreements Thursday afternoon, paving they way for Gerding Edlen to dive into the design phase of the project. “Today is a really exciting day,” said Sarah Lovell, a member of Sound Transit’s “transit orientated development” staff.
In addition to some 400 apartments, the project will include a retail “bazaar” anchored by a grocery store. Portland-based New Seasons Market and Capitol Hill’s Central Co-op are currently vying to take over the space. The project is also slated to include a daycare, community space, and permanent home for the Broadway Farmers Market.
Board members said the project would be an example for all future TOD projects along the expanding light rail system. Sound Transit CEO Peter Rogoff praised his staff following the vote, saying many had lived and breathed the deal for the past six months. “It’s easily the most ambitious TOD action the agency has ever taken,” he said.