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JLL has been retained as the exclusive agent for the sale of the Mount Baker TOD Site, a 78,290 square foot development opportunity located in Seattle’s Mount Baker neighborhood. Recently re-zoned NC3-55 (M) as part of Seattle’s MHA program, and situated 180 yards from the Mount Baker Link Light Rail Station, the site offers a rare opportunity to build a project of scale next to existing light rail infrastructure. This proximity to light rail will offer future residents direct connections to Downtown Seattle, Capitol Hill, the University of Washington, and Seattle-Tacoma International Airport. The future Judkins Park Link Light Rail Station, located nearby at the intersection of 23rd Avenue South and I-90, will offer a tenants an additional express route to the Eastside. Within minutes, tenants will be able to easily reach the key employment hubs of Seattle, Bellevue and Redmond, where employment is surging as powerhouse firms expand and new tenants continue to join the market.
- Direct Access: With the Mount Baker Link Light Rail Station only 180 yards away and a Walk Score of 89, the Mount Baker TOD Site offers an unparalleled location. Proximity to current and future light rail puts the major employment centers of Seattle, Bellevue, and Redmond just minutes away.
- Desired Multifamily Destination: Annual rent growth in the Mount Baker area has averaged approximately 4.8 percent over the past five years. The population is also growing at more than three times the national average and many are now looking to close-in and affordable residential markets such as Mount Baker for housing.
- Seattle MSA Employment: Seattle is a global gateway city that continues to see widespread employment growth due to a strong economy with significant contributions from international powerhouses and 11 Fortune 500 companies.