Sound Transit recently selected MSC to develop 230 affordable apartments in downtown Federal Way.
MSC and its housing development partner, Shelter Resources Inc., will develop the multifamily property adjacent to the Federal Way Downtown Station. “MSC is honored to be chosen for this project as we continue to advance our mission in building affordable housing in the South King County community,” said Kirsten York, MSC CEO.
The plans call for approximately 230 homes across two buildings in a four-block area adjacent to the station. Over 90% of the proposed homes are two-, three-, and four-bedroom units. Walsh Construction will serve as the general contractor on the project, which is designed by Perkins Eastman. Construction is expected to start in 2028.
The two buildings will provide multiple pedestrian routes throughout the station area, connecting to the Performing Arts and Events Center, Town Square Park, and the Federal Way Downtown Station.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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