EVERETT — A developer is seeking to build a 140-unit senior apartment complex at 3214 Broadway, a block south of Pacific Avenue.
Documents submitted to the city describe a seven-story building with 216 underground parking spots. The building permit application was filed Oct. 23.
The designs have been approved, and the application is under review, said Meghan Pembroke, a spokeswoman for the mayor’s office.
At least 28 of the units have to be priced for affordable housing, as part of a long-term tax credit, she said.
Affordable housing stock has been a hot topic in Everett lately, particularly during the election season. The downtown core is supposed to absorb a significant portion of the projected population growth, and building heights could rise as a result.
The project could be worth an estimated $24.5 million, according to the website Build Zoom, which monitors permit filings.
The developer is a limited liability company associated with American Capital Group in Bellevue, according to a state business license database. The company could not be reached for comment for this story. The website says it specializes in high-density “garden-style” mid-rise apartments.
The company purchased the land from the bank in 2014, according to property records. The sales price was listed at $700,000.
The location consists of five vacant parcels surrounded by a chain-link fence.
Rikki King: 425-339-3449; rking@heraldnet.com; Twitter: @rikkiking.
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