Developer plans 7-story, 140-unit senior complex in Everett

Published 1:30 am Monday, November 6, 2017

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.