ViV Crossing
Approved Plans for 175 Units Near Mount Baker Light Rail Station
Residential + Commercial Development Opportunity in Rainier Valley
Visit Doc CenterExecutive Summary
ViV Crossing is a MUP-approved multifamily development opportunity located on a 0.45-acre site in Seattle’s Rainier Valley neighborhood. The proposed project envisions an eight-story residential building with 175 apartment homes averaging 516 square feet.
The surrounding area supports a walkable, car-light lifestyle. Located just 0.2 miles—roughly a four-minute walk—from the Mount Baker Link light rail station; residents can access Downtown Seattle, Capitol Hill, the University of Washington, Sea-Tac Airport, and other major destinations without relying on a car. The property also offers the flexibility of direct access to Rainier Avenue, a primary South Seattle corridor.
Approved plans include 2,825 square feet of street-level commercial space across three storefronts, one level of below-grade parking with 74 vehicle stalls, 148 residential bike stalls, and four commercial bike stalls. The retail space gives the future owner flexibility to bring in neighborhood-serving tenants that add value for residents while activating the Rainier Avenue frontage. The Master Use Permit and land use approvals are in place, the property is vested under the 2018 energy codes, and construction permits approved and awaiting issuance. This allows a buyer to acquire a project that has already cleared the more time-consuming land use process and focus on final permitting, financing, and construction.
The property is well positioned to serve a broad renter base, including healthcare professionals, Downtown Seattle employees, University of Washington and medical center staff, aviation and industrial workers, and residents who want a connected Seattle address without the cost profile of the city’s core neighborhoods. Families may also value access to Franklin High School, which carries an A school-performance rating. Within one mile of the site, 46.7% of households are renters, providing a strong local base of apartment demand.
Investment Highlights
Entitled 175-Unit Development Opportunity:
ViV Crossing is approved for an eight-story, 175-unit multifamily project on a 0.45-acre site along Rainier Avenue South. The approved unit mix averages 516 square feet and is vested under the 2018 energy codes, positioning the project for renters seeking an efficient, well-located apartment option in Seattle.
Near Permit-Ready:
The project has secured all key discretionary approvals, including the Master Use Permit, Design Review, approved departures, and SEPA clearance. Construction permitting has completed review and is pending issuance, positioning the site for a clear path to commencement while materially reducing entitlement risk.
Diverse and Efficient Unit Mix:
Offers a thoughtfully diversified blend of SEDUs, studios, open one-bedrooms, traditional one bedrooms, and two-bedrooms units, appealing to a broad renter base.
Street-Level Commercial Creates Added Value:
Approved plans include 2,825 square feet of ground-floor commercial space across three storefronts, with four dedicated bike stalls.
Four-Minute Walk to Link Light Rail:
The property is located approximately 0.2 miles from the Mount Baker Link light rail station, and a two-minute walk to the nearest King County metro bus station. Residents have the option of public transit or quick access to Downtown Seattle, regional transit, retail, and employment centers via Rainier Ave S.
Near Everyday Retail and Dining:
Residents will have convenient access to daily essentials and neighborhood amenities, including QFC, Lowe’s, CVS, Costco, and a range of nearby restaurants along Rainier Avenue and in the surrounding South Seattle area.
Proximity to Major Aviation and Industrial Employers:
ViV Crossing is just four miles from King County International Airport – Boeing Field, which supported an estimated 16,151 jobs and $5.25 billion in economic impact, and just a 30-minute commute to Boeing’s Renton operations, employing roughly 12,600 employees.
Access to Downtown Seattle Employment:
The property is about a 10-minute drive from Downtown Seattle, home to an estimated 336,900 jobs and 60.6 million square feet of office space, including major employers such as Amazon, Nordstrom, Apple, and Meta.
Renter-Heavy Submarket:
Approximately 52% of households within three miles are renter occupied, supporting a deep local apartment demand base. Household growth is also projected through 2031, adding to the area’s long-term housing need.
Property Overview
- ADDRESS
- CITY, STATE ZIP
- Proposed Units
- Proposed Avg. Unit SF
- Proposed Commercial SF
- Proposed NRSF
- Proposed Parking
- Parcels
- Lot Size
- Zoning
- Existing Condition
- County
Proposed Unit Mix
Unit
Type
Type
Count
Avg Unit
SF
SF
Total
SF
SF
Current
Rent
Rent
Market
Rent
Rent
Monthly
Rent
Rent
Annual
Rent
Rent
Rent
SF
SF
% of
Total Units
Total Units
SEDU
27
325
8,781
$1,500
$900
$40,500
$486,000
$4.61
15%
Lofted Studio
4
447
1,786
$1,700
$1,300
$6,800
$81,600
$3.81
2%
Studio
76
452
34,331
$1,750
$1,300
$133,000
$1,596,000
$3.87
43%
Open 1 Bedroom
26
571
14,848
$2,050
$1,300
$53,300
$639,600
$3.59
15%
1 Bed / 1 Bath
28
635
17,778
$2,200
$1,300
$61,600
$739,200
$3.46
16%
2 Bed / 1 Bath
12
913
10,956
$3,000
$1,300
$36,000
$432,000
$3.29
7%
2 Bed / 2 Bath
2
943
1,885
$3,150
$1,500
$6,300
$75,600
$3.34
1%
Total / Average
175
516
90,365
$1,929
$1,190
$337,500
$4,050,000
$3.73
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Location
Contact us
INVESTMENT SALES
Mitchell Belcher
Managing Director
425.891.9594
[email protected]
Steven Chattin
Managing Director
425.269.3826
[email protected]
Jay Timpani
Managing Director
206.999.3206
[email protected]
Chad Blenz
Senior Director
206.491.2008
[email protected]
Brandon Lawler
Senior Director
206.484.8114
[email protected]
mortgage banking
Robert Doxsee
Managing Director
425.777.0235
[email protected]
Michael Manolides
Senior Director
253.670.2143
[email protected]
Connor Lemley
Associate Director
206.455.1592
[email protected]
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