South Lake Union Development Site FOR SALE 34-unit residential development site with MUP in the heart of Seattle
South Lake Union Development Site Optimally situated in the Westlake corridor, Aurora is a 34-unit residential development site, providing an excellent opportunity for a project in one of the hottest locations in Seattle. With the shortage of condos in the Seattle market and historically high rent growth of nearly 50% over the last five years, presents an exceptional opportunity for investors and developers alike. ADDRESS 98109 PROJECT ARCHITECT PERMIT STATUS KING COUNTY APN 338690-0025 ZONING SM-SLU 100/95 FAR 6.0 Gregory Peter Maxwell Architects MUP anticipated in March 2018; break ground in Fall 2018 Magnolia Ballard Queen Anne Phinney Ridge Fremont Seattle Wallingford Capitol Hill Belltown Seattle First Hill CBD Project Summary UNIT COUNT 34 STORIES 10 University District Yesler Terrace Central District 520 Madison Valley Madrona Leschi Madison Park Washington Park Denny-Blaine LOT SIZE 4,664 SF (53 ft x 88 ft) PARKING STALLS* 23 ACCESS Lee Street GROSS BUILDABLE AREA 37,455 SF CURRENT SITE USE Vacant NET RENTABLE AREA 17,006 SF OFFERING PRICE $3,000,000 * Project is located within the SLU Urban Center; no parking is required
Development Proposal Unit Mix SOUTH ATION Roof UNIT TYPE UNIT COUNT AVERAGE RENTABLE AREA Level 10 Level 9 STUDIO 5 344 SF 1 BED / 1 BATH 29 527 SF TOTAL 34 17,006 SF AVERAGE 500 SF Level 8 Level 7 Level 6 Level 5 Level 4 Level 3 1405 DEXTER PLANNED 2019 Development Information Level 2 - Parking Level 1 - Parking SF TO EXTERIOR FACE S 25,105 SF 1,199 SF LAKE UNION TERRACE 1,015 SF LEWARD APARTMENTS GARAGE 9,356 SF NAUTICA CONDOS COMPLETED NOVEMBER 2017 ROOF 780 SF GROSS BUILDABLE AREA 37,455 SF
Conceptual Floor Plans PARKING - LEVEL 1 PARKING - LEVEL 2 GARAGE ENTRY MECHANICAL/ ELECTRICAL LOBBY BIKE STOR. GARBAGE/ REFUSE ENTRY/ LOBBY OPEN TO BELOW GARAGE ENTRY GARAGE ENTRY RESIDENTIAL - LEVEL 3 RESIDENTIAL - LEVEL 4 COMMUNITY ROOM STUDIO 400 SF 395 SF 545 SF 509 SF STUDIO ENTRY CANOPY ENTRY LOBBY 360 SF 509 SF
Conceptual Floor Plans RESIDENTIAL - LEVELS 5-7 RESIDENTIAL - LEVEL 8 468 SF 431 SF STUDIO 346 SF 468 SF 431 SF STUDIO 320 SF 590-625 SF 509-600 SF 625 SF 561 SF RESIDENTIAL - LEVELS 9-10 ROOF 615 SF 551-573 SF SCREENED MECHANICAL AMENITY AREA 626 SF 475-520 SF
Views
Development Location RAY MOORE BRIDGE Taylor Ave N Aurora Ave N Lee St Dexter Ave N Westlake Ave N Aloha St CHESHIAHUD LAKE UNION TRAIL SOUTH LAKE UNION PARK LAKE UNION Fairview Ave N SEATTLE STREETCAR Aurora is ideally located within the South Lake Union neighborhood, home to several Fortune 500 companies and provides numerous amenities. LOCATION HIGHLIGHTS Corporate neighbors include Facebook, Google, and Amazon s new South Lake Union campus Several brand new apartments and condos within minutes, including Leeward Apartments, Marina SLU, One Lakefront, and Neptune Apartments Mercer St Harrison St Aurora Ave N Valley St Dexter Ave N Roy St 9th Ave N Westlake Ave N Valley St Mercer St 60 acres in SLU Republican St Harrison St Yale Ave N Eastlake Ave E Easy access to Hwy 99 (Aurora Ave N) and I-5 5 minutes to Seattle CBD, 15 minutes to Bellevue CBD, and 20 minutes to Sea-Tac International Airport WALK SCORE 78 TRANSIT SCORE 76 BIKE SCORE 58
15th Pl W 5th Ave N Eastlake Ave E 12th Ave South Lake Union Amenities Restaurants 15th Ave W W dravus St Gilman Dr W 10th Ave W 8th Ave W Olympic Way W Leary Way NW W Blaine St W Highland Dr 3rd Ave W W Mercer St N 39th St N 36th St Western Ave W Nickerson St 1st Ave W Queen Anne Ave N Aloha St Roy St N 46th St FREMONT QUEEN ANNE 16 14 Fremont Ave N 23 22 12 5 4 21 8 7 17 19 18 Seattle Center Taylor Ave N 4 11 10 Broad St Stone Way N Aurora Ave N Westlake ave N N 45th St N 40th St N 34th St LAKE UNION Mercer St NE 50th St WALLINGFORD 13 6 11 28 9 3 2 12 2 1 9 10 24 3 Gas Works Park 6 8 2 1 4 1 7 BURKE-GILMAN TRAIL 3 5 15 20 25 26 27 Broadway Fuhrman Ave E E Boston St 10th Ave E 5 E highland dr E John St 6 University Way NE UW Medical Center 15th Ave E Boyer Ave E U-DISTRICT E Lynn 21 St E Galer St E Aloha St 23rd Ave E 24th Ave E E John St University of Washington E Miller St CAPITOL HILL E Madison St Union Bay Pl NE NE 41st St UNION BAY Hillside Dr E 39th Ave E 43rd Ave NE 1 Daniel s Broiler 2 Bluewater Bistro 3 Essential Baking Co. 4 Chandler s Crabhouse 5 Dick s Drive-In 6 Kabul Restaurant 7 Duke s Chowder House 8 Joey s 9 McCormick & Schmick s 10 Varsity Inn 11 Canlis Restaurant 12 Tilth 13 Tutta Bella Pizza 14 Pasco Caribbean Lifestyle 1 Kenmore Air Seaplans 2 Northwest Outdoor Center 3 Guild 45th Theatre 4 Sound Mind & Body Gym 5 Fremont Red Apple Market 6 Big Tree Bikes 15 Serafina 16 Ponti Seafood Grill 17 Blue Moon Burgers 18 Costas Opa Greek 19 Blue C Sushi 20 Eastlake Bar & Grill 21 Jai Thai 22 Dad Watson s 23 Kaosamai Thai 24 Palazzo 25 Ivar s Salmon House 26 Voula s Offshore Cafe 27 Northlake Tavern & Pizza 28 Rowdy Cowgirls BBQ 7 PCC Natural Market 8 Anytime Fitness 9 Studio Evolve 10 Lake Washington Rowing Club 11 Speedy Reedy Triathalon 12 ToST Hotels 1 Residence Inn Marriott 4 Travelodge Seattle 2 Courtyard Marriott 5 Watertown Seattle 3 Silver Cloud Hotel 6 Hotel Deca