The first phase will take the parking east of the Northgate Transit Center and convert it to 500 to 600 mixed-income midrise apartments with first-floor retail. One can hope that at least Metro gets a better deal out of Stellar Holdings the second time around. However, given the slow process, one could see why Councilmember Debora Juarez was so steamed. “Final agreements would then be negotiated by January 31, with an expectation that the County Council will review and approve them by April 30.” In retrospect, that schedule was overly optimistic. “he County hopes to pick a winning proposal by November 28,” Kevin Schofield reported in September. The reissued RFP had an Octodue date, but the County has been quiet about what had been happening with the site as it negotiates–similar to what happened with the Mercer Megablock process. Northgate has 240-foot zoning at Northgate Transit Center, and 145-foot zoning on the surrounding blocks. “We haven’t yet completed the process of negotiations with Stellar Holdings,” King County Metro spokesperson Jeff Switzer said in an email. Stellar Holdings, which also owns Thornton Place, appears to have won the bid in re-issued RFP although terms haven’t yet been finalized. Two companies answered the original RFP: Stellar Holdings and Lake Union Partners. The language changed only slightly from “up to 200” affordable units to “a minimum of 200 units of subsidized affordable housing on a dedicated site that will serve households earning up to 60 percent of Area Median Income (AMI) for at least 50 years.” The RFP does mention the market-rate units would need to be subject to MHA, which would likely entail at least another 30 affordable units or their equivalent in-lieu payment. However, the County reissued the Request for Proposals (RFP) in September 2018 without substantially increasing the affordability target or offering the land at below-market cost. Northgate TOD rendering under 240-foot tower scenario.
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