January 8, 2024

Evergreen Point plans another 360 Shoreline units near station

Real Estate Editor

Images via Evergreen Point Development

West of the freeway in Shoreline, Evergreen Point Development now has one apartment project under construction near the future Shoreline South/148th Station That’s the 241-unit The Line, designed by Tiscareno Associates, with Exxel Pacific as the builder.

A few steps north of that site, at 104 N.E. 147th St., Evergreen Point and Tiscareno are now planning an eight-story, 360-unit project. The developer previously assembled 10 residential parcels for about $8.6 million. (Windermere was the broker.) The over 1.4-acre site extends east from the corner of First Avenue Northeast; and 147th dead-ends at the freeway.

Last Friday the city of Shoreline published a notice that the north project’s SEPA filing and permit application have been formally accepted. The public comment period ends Jan. 19.

The tentative start date would be the fall of 2025. Well before that, to the south on Northeast 145th Street, The Line should wrap late this year. It’s now topped out.

Sound Transit meanwhile hopes to open its extension to Lynnwood by the end of this year. Its Shoreline South station is short walk from both Evergreen’s north and south projects; and the city intends to shorten that walk even more with a new bike/pedestrian bridge north of the two sites, and well north of the current freeway crossing at 145th.

And to the south on 145th, The Line will open later this year. (That’s Shea Properties’ separate project in the foreground.)

Construction on the north project might then wrap by the end of 2027. Planning began in early 2022, with the land sales coming that summer.

The project is to include about 255 mostly underground parking stalls. About 3,000 square feet of retail/commercial space is planned for two corner bays on First; structured parking stalls are indicated for shoppers.

Amenities are to include a gym, bike room and roof deck. Tiscareno estimates a total project size of some 389,872 square feet. Since The Line employed the city’s multifamily tax exemption program, yielding 48 affordable units, the north project may also pursue that MFTE benefit.

The project will have two wings, east and west, separated by a fire lane. Construction is to be five stories of Type III-A wood over three levels of Type I-A concrete. No general contractor is listed yet. The team also includes GeoEngineers, geotechnical; and Communita Atelier, landscape architect.

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