503-Stall Parking Garage/Transit Oriented Development Project About Ready To Begin In Burien
Juneâ€™s grand opening of the new Burien transit center at SW 148th Street and 2nd Ave. South did not mark the end of transit development in the cityâ€™s downtown business district â€“ just the end of the beginning.
Now work on a long-planned two-phase Transit Oriented Development project in Burien is about ready to begin. Phase One will be construction of a 503-stall parking garage on Metroâ€™s existing 4.3-acre Park and Ride lot at the northeast corner of SW 150th St. and 4th Ave. SW.
King County â€œTransit Oriented Developmentâ€ (TOD) projects incorporate multi-family housing and retail and office space together with parking for commuters who ride buses, usually in a single complex, as part of or adjacent to Metro transit centers.
Burien Economic Development Manager Dick Loman says groundbreaking for the parking garage will take place by January, if not sooner, with completion anticipated by the end of 2010. He notes that the King County project â€œis on King County land, with major funding coming from Sound Transit and King County Metro.â€
Funding sources will include about $14 million from Sound Transitâ€™s Proposition 1 ballot initiative, which voters approved in November 2008, and another $5.3 million from federal stimulus grants, along with an additional equity investment from Wasatch/Alliance, the joint venture that will develop this project.
â€œWe want Phase Two to follow immediately,â€ Loman says. â€œWe want to start work on Phase Two financing as soon as Phase One is underway.â€ Funding for Phase Two, which is estimated at $60 million, will come from a combination of federal, state, Metro and Burien sources.
Plans for Phase Two of Burienâ€™s TOD include more than 100 affordable housing units, primarily for seniors and teachers in the Highline School District, and retail space. Loman says the housing and retail will wrap around the parking garage.