June 11, 2010
Senior City opens in Federal Way
By Daily Journal of Commerce staff
A mixed-use complex called Senior City opens today in Federal Way, and Sound Transit says this is its first public-private transit oriented development partnership. The nonprofit Korean Women’s Association is the developer and will manage the building at 31621 23rd Ave. S., which is adjacent to the Federal Way Transit Center.
The complex has 61 one-bedroom apartments for low-income elderly people, a two-bedroom on-site manager’s unit and 3,100 square feet of office space for social services. Seven apartments are for seniors with disabilities.
The apartments range from 539 square feet to 663 square feet, and rent is $442. The owner is Senior City Limited Partnership, an investment partnership.
The total project cost is $17.3 million, according to Peter Ansara, executive director of the association.
Ansara said in a news release that “locating our facility next to a transit center not only provides excellent mobility for our residents and other clients, but also enabled us to secure a tremendous amount of public financial support for the project.”
Three years ago, Sound Transit sold a portion of the land it acquired for construction of its Federal Way Transit Center to the association through a competitive application process.
Sound Transit said its collaboration with the Korean Women’s Association is the first in a series of planned TOD projects.
Senior City has a green roof, a vegetated bio-swale, and water conserving plumbing and irrigation.
Other team members are: development consultant Common Ground; architect Environmental Works; contractor Marpac Construction; general partner Senior City Council; property manager Allied Management Group; tax credit syndicator Enterprise Community Investment; legal services Kantor Taylor Nelson & Boyd; and social service provider Korean Women’s Association.