$20.5 Million, 500-Stall Garage Moves Closer To Start Of Construction
A $20.5 million parking garage with 500 stalls, planned for the park-and-ride lot in downtown Burien, has moved a big step closer toward the start of construction.
The King County Council adopted unanimously on Feb. 16 an ordinance approving both a ground lease of the county-owned parking lot to Alliance Wasatch I, LLC, which will build the garage on that site, and a lease back to the county of the parking facility upon its completion.
â€œIâ€™m excited to see signs of progress on this project because connecting people to transit is a critical part of maximizing our transit investments,â€ said King County Councilwoman Jan Drago, who represents Burien.
â€œThis is one piece of a [Transit Oriented Development] package that the King County Council will be addressing to help bring smart, green development to the heart of Burien and [Council] District 8.â€
The existing park-and-ride lot with 300-plus stalls on the northeast corner of SW 150th St. and 4th Ave. SW is adjacent to the new Burien Transit Center â€“ the first part of a three-phase Transit Oriented Development (TOD) project in Burien. The transit center opened last June.
Temporary transit parking during construction of the garage may be located at the old BBC Dodge site at 1st Ave. S. and SW 148th St. An arrangement for this currently is being negotiated.
King County Executive Dow Constantine was authorized by the County Council to execute final details of both the ground and project leases, and to approve certain other provisions of the leaseâ€“leaseback transaction.
Burien Economic Development Manager Dick Loman noted that the ground lease, which is expected to be dated April 1, â€œis subject to receipt of legal documents from Sound Transit, the Federal Transportation Agency, and the U.S. Department of Energy,â€ which are the countyâ€™s funding partners for the project.
After the County Council gives final approval to the project and the lease becomes effective, the developer will have 90 days to finalize construction financing and building permits.
Loman added that construction could begin by Labor Day, with project completion and the opening of the garage expected by July 2011.
He said the county â€œplans to exercise its option to purchase the parking facility upon completion.â€
The final phase of Burienâ€™s TOD â€“ construction of approximately 100 affordable multi-family units around the outside of the five-story parking garage, with a sixth level underground â€“ is expected to proceed after construction of the garage is completed as financing is available.
â€œOnce the apartments are built, you wonâ€™t even know a parking garage is there,â€ Loman said. A lot of this housing is expected to be made available to new teachers in the Highline School District.
Retail and office space will be located on the ground level of the garage/apartment development.