Sound Transit Biddingo #OT 0046-21

Sound Transit Seeks Proposals for Mixed-Use Development Near Columbia City Light Rail Station

This opportunity involves the sale and development of a 4,039 square foot property by Sound Transit near the Columbia City Light Rail Station in Seattle, WA. - Government Buyer: - Sound Transit (Seattle, WA) - Products/Services Requested: - Purchase and mixed-use development of an undeveloped property (4,039 sq ft) - Concept envisions retail space at ground level with four floors of residential units above - Unique or Notable Requirements: - Proposals must detail developer experience, project concept, financing, and offering price - Priority consideration for non-profit developers, housing authorities, or local jurisdictions committing to affordable housing - Final sale price must meet or exceed fair market value as determined by third-party appraisal - Emphasis on affordable housing, community engagement, and transit-oriented development - No OEMs or specific vendors are mentioned, as this is a real estate and development solicitation

Description

Sound Transit has issued an opportunity to submit competitive proposals for the purchase of Sound Transit owned property near the Columbia City Light Rail Station. The property is an undeveloped 4,039 square foot parcel located at the south corner of S. Dawson St., 33rd Avenue S., and Martin Luther King Jr. Way S. The solicitation invites firms to submit proposals including experience, qualifications, project concept, financing, and offering price. Proposals from non-profit developers, housing authorities, or local jurisdictions that agree to develop affordable housing will be considered first.

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