Our daily check of commercial-real-estate listings just turned up a new listing that’s the first one we’ve seen explicitly referring to the potential Housing Affordability and Livability Agenda (HALA) Mandatory Housing Affordability (MHA) upzoning: 7 Morgan Junction parcels listed together for $5.6 million, with the online listing and flyer noting:
It is located within the Morgan Junction Urban Village, where zoning is proposed to increase from Single Family to Lowrise 3 as part of the City of Seattle’s Mandatory Housing Affordability (MHA) proposal.
And, getting more specific, here’s what the listing says that could enable:
According to a preliminary feasibility study completed by NK Architects, an apartment site plan shows a 5-story apartment building with 148 apartment units, while a townhome scheme provides for 30 townhomes.
The 7-parcel site [map] is described as 37,000+ square feet, just east of the Morgan Junction business district – bordered by Fauntleroy Way SW to the south, 41st SW to the west, SW Graham to the north, an alley to the east. The upzoning that would turn this single-family-zoned area into a multi-family-zoned area is not expected to go to the City Council before next year; the HALA MHA Draft Environmental Impact Statement is still in comment phase until August 7th.