Shoreline Place Development Agreement: What You Need to Know
The Shoreline Place Development Agreement is a document that outlines the terms and conditions of the development of a commercial and residential project in Shoreline, Washington. The project is a mixed-use development that will feature retail spaces, residential units, and office spaces. The goal of the development is to create a vibrant, walkable community that meets the needs of residents and visitors.
The development agreement was signed in 2018 between the City of Shoreline and the developer, Point Ruston LLC. The agreement includes a detailed list of requirements that the developer must meet to ensure that the project meets the goals of the city.
One of the key requirements of the development agreement is that the project must be built in a sustainable and environmentally friendly manner. The developer must use green building practices, including energy-efficient materials and systems, to minimize the environmental impact of the project.
Another requirement of the agreement is that the project must include affordable housing units. The developer must set aside a certain percentage of the residential units for low-income families, as defined by the State of Washington. This requirement ensures that the development is accessible to a wide range of residents and helps to address the affordable housing crisis in the region.
The development agreement also includes provisions for public access to the waterfront and outdoor spaces. The developer must provide public access to the waterfront and create outdoor spaces that are inviting and accessible to the public. This requirement helps to create a community-oriented development that benefits both residents and visitors.
In addition to these requirements, the development agreement also sets out the timeline for the project and the financial obligations of the developer. The developer must pay certain fees and taxes to the city and meet specific deadlines for completing different phases of the project. This ensures that the project is completed on time and within budget.
Overall, the Shoreline Place Development Agreement is an important document that outlines the requirements for creating a sustainable, accessible, and community-oriented development in Shoreline, Washington. The agreement ensures that the project meets the needs of all residents and visitors while also preserving the natural beauty and resources of the region.
As a professional, it`s important to note that the Shoreline Place Development Agreement is a highly searched topic online. This is because the project has generated a lot of interest in the community and beyond. If you are looking to create content related to the Shoreline Place Development Agreement, be sure to use relevant keywords and provide valuable information to your readers.