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Real Estate
 Brian Miller Real Estate Editor |
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July 16, 2020
On the Block: No light rail? No problem for the other side of Shoreline
Anyone driving Interstate 5 north of Seattle will surely have noted Sound Transit's recent progress on the light rail line to Lynnwood. Trees are down and houses razed, land is cleared and grading underway. Concrete has been poured, and elevated track supports are sprouting.
Shoreline will have two stations, at 145th and 185th, and that's where upzoning, property offerings, land sales and apartment permitting are most apparent. Most prospective developers, however, are waiting until closer to the anticipated 2023 opening of the line to actually take out construction loans and break ground. And land values have risen accordingly.
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Previous columns:
- On the Block: From Lucky Lager to an unlucky block finally set for redevelopment, 07-09-2020
- On the Block: Back to the 'burbs?, 06-25-2020
- On the Block: Unico ready to convert Tacoma's historic Washington Building offices to apartments, 06-18-2020
- On the Block: Coronavirus vs. the industrial sector, 06-11-2020
- On the Block: How, after years of planning, an entitled apartment tower site in SLU came back on the market, 06-04-2020
- On the Block: After COVID-19, will traditional retail recover or die? Both, say the experts, 05-28-2020
- On the Block: The day(s) the music died, 05-21-2020
- On the Block: Amazon takes coronavirus in stride, while Prologis warns of supply-chain strain ahead, 05-07-2020