DEVELOPMENT: Construction finally close for mixed-use project at 9201 Delridge Way SW

(Rendering by Atelier Drome Architects)

4:30 PM: Redevelopment has been in the works for the former auto-shop site at 9201 Delridge Way SW for six years. The project plan, and ownership, have changed along the way. Now the current developers, Housing Diversity Corporation, say that groundbreaking is expected within about two months for the five-story, 74-apartment development they’re calling Keystone. That’s part of an update we received this afternoon announcin “the closing of debt and equity” for the project, which explains in part:

Financial partners for the project include First Fed as the senior lender with a $5 million loan, Nuveen Green Capital as the Commercial Property Assessed Clean Energy & Resiliency lender with a $9.74 million loan, and Citizen Mint, a private markets platform for wealth advisors, who raised $5.18 million of equity from impact-minded wealth managers and high-net-worth individuals. …

The C-PACER program in Washington provides lower-than-market-rate debt for projects that are able to achieve high energy and resilience standards above code in an effort to encourage environmentally focused building practices. The seismic, plumbing, and thermal standards met by the development allowed the partnership to use C-PACER financing to cover 40% of the project’s overall cost at a favorable construction loan interest rate in the mid-7% range.

HDC’s partner in building Keystone is West Seattle-headquartered STS Construction Services (WSB sponsor), as is the case for the 115-apartment building under construction at 3405 Harbor SW and other projects on the drawing board, with Atelier Drome as the architect. The announcement says that “100% of the units in the development are priced at or below 80% of area median income, including 15 more deeply rent-restricted units made possible through Seattle’s Multifamily Tax Exemption Program.” The project will include 4,207 square feet of commercial/retail space and will not include offstreet parking; none is required as it’s close to frequent transit (RapidRide H Line). The project finished going through Design Review in 2021, under the alternate address 9208 20th SW.

5:39 PM: We went over to look at the site right after publishing this story, and discovered work already has begun:

The old building was demolished sometime since we last went through that area several days ago.

16 Replies to "DEVELOPMENT: Construction finally close for mixed-use project at 9201 Delridge Way SW"

  • K February 27, 2024 (4:54 pm)

    This is amazing!  So glad to see ground-level retail and lots more housing.  This is such a great, walkable neighborhood and the building will fit right in.  A dream location for anyone wanting to get away from car dependency!

  • BlairJ February 27, 2024 (5:09 pm)

    That is the right kind of project to have within walking distance of a Rapid Ride stop.

  • Anne February 27, 2024 (5:46 pm)

    Can’t wait to see  just what kind of street level retail goes in.

  • D-Ridge February 27, 2024 (5:57 pm)

    Love the positive comments! Now I just wish we could get some stuff like this in North Delridge but we continue to not allow it with our zoning, just townhouses and a continuing food desert.

  • X February 27, 2024 (6:12 pm)

    Please add more trees into the design.

  • DC February 27, 2024 (8:35 pm)

    Yay! Excited for new neighbors and more retail options. See you on the H Line friends!

  • west side lady February 28, 2024 (6:15 am)

    Awesome! Happy to see the dipaidated building that breeded problems, being coverted into a beautful new building that will add vibrancy & business to the community! 

  • Jeff February 28, 2024 (8:50 am)

    Sweet! We need to build like 100 more of these!

  • Lindsey February 28, 2024 (9:50 am)

    Fabulous news! Delridge needs more affordable housing. 

  • KB1000 February 28, 2024 (9:53 am)

    This is great! Been wondering about this one and the other big one for STS nearby at the old Meineke shop on Roxbury. Both of these are perfect upgrades for the area and will add hundreds of people and liveliness. More! Hurry! 

  • LC February 28, 2024 (10:05 am)

    The old Big-O tire shop. Thought it might be fun to share a photo of these old relics from the shop. My husband grew up next-door and has many funny stories about Ferguson who used to own the place.

    • WSB February 28, 2024 (10:16 am)

      Hi, if you were trying to add a photo, it didn’t come through – please try again, or you can send it to us at and I can add it – TR

      • LC February 28, 2024 (10:41 am)

        Thanks! I’ll send it now. 

        • WSB February 28, 2024 (12:14 pm)

          Here’s LC’s photo:

  • Local resident March 1, 2024 (8:35 pm)

    I sure hope the city will finally put in a sidewalk along Barton st so that these new tenants can walk down the hill to the Westwood village bus center without breaking their necks on the rutted out trail.  

  • Ted Williams March 10, 2024 (10:08 am)

    Hopefully there’s 75 parking spots being created too! 

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