Wednesday, February 13, 2013
University Way Possible Development Site
Location: On University Way NE between 55th St and 56th St, the buildings are ideally located to scoop up University student and faculty traffic. Current businesses add to the bustling scene of restaurants stores, and entertainment.
Site: Two parcels totaling 7,440 SF. Wide box 93’ deep to an alley for parking lot access.
Zoning: NC2P40: Just outside urban village
FAR: 4.25 based on frequent transit; 31,620 SF max.
Unit Count: No Limit
Base Height: 40’ + 5’ roof
No minimum parking required
Building Specifics: The current structures on the site are two commercial/residential mixed use structures grossing over $100,000/year.
Development Potential: 60-70 units of stacked flat studio and studio plus units(average 500 sf) in four stories.
Interested?: Contact Morgan at Morgan@JimThorpeLLC.com or call 206.547.1370 to learn more!
* Interested in acting as an investor on project? Ask Morgan for additional details about this option!