Northgate Mall Owner Goes Big on Housing... And Even Bigger on Parking
Last week, Simon Property Group and Compass Construction invited journalists to tour a major redevelopment happening on the Northgate Mall campus, across the street from the Kraken Community Iceplex.
In 2022, Simon secured a permit for a nine-story, 234-unit apartment building with 569 parking stalls, which they christened Everis. Today, that project has topped out and is nearing move-in this summer. Phase 2 of the development is under construction next door and will bring the housing total to 420 apartments, while utilizing the same parking garage around which both developments wrap, forming what is sometimes called a "Texas Donut."
Even accounting for a good chunk of those parking stalls being for the ground-floor retail, that's still a parking ratio above 1:1 – comparatively high for a site next door to a bustling light rail station serving both the 1 Line and 2 Line. The City of Seattle does not require residential parking in urban centers, but many developers still opt to build it – although most at lower ratios than Simon is building now.
Retailers announced for first-floor storefronts thus far include a Trader Joe's grocery store, a Joe & The Juice cafe, and a Mendocino Farms restaurant.
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