Just across the street from the Pink Elephant Carwash on Denny and Dexter (109 Dexter Ave N), the Borealis Apartments are approaching completion as announced by Vulcan last week. This new workforce housing project will soon provide affordable apartments for individuals and families earning less than 80% of the median household income for King County.

The 33,000-square-foot, six-story building includes 53 apartments with studios, one-bedroom, and two-bedroom units ranging from 400 ? 850 square feet with approximately 3,600 square feet of retail space.

As defined by the U.S. Department of Housing and Urban Development, 2008 median incomes for 80 percent are $43,050 or less for a one-person household and $61,500 or less for a four-person household. Rental rates at Borealis Apartments will start at $875 for a studio, $1,052 for a one-bedroom and $1,244 for a two-bedroom unit.

As an environmentally friendly development, Borealis Apartments is designed to qualify for three-star Built Green certification from the Master Builders Association of King and Snohomish Counties, and is also participating in Seattle City Light?s Built Smart program. Sustainable features include low-flow fixtures, Energy Star appliances, low VOC finishes, increased natural daylight, green screens and bike storage lockers.

Click here to visit the Borealis Apartments website for additional details!

I am just getting back into the news but thought I would deliver the scoop on Vulcan’s newest apartment building that is springing up on the corner of Denny and Dexter.

The Borealis Apartments will be 5 stories tall comprised of 53 units, 2 levels of underground parking and amenities including a roof top deck, on-site manager and a ?green screen? of climbing plants along the southside of the building.

Floorplans include studios (365sf ? 505sf), 1 bedrooms (680sf ? 705sf), 2 bedroom/ 1 baths (645sf ? 830sf) and 2 bedroom/ 1.75 baths (825sf ? 890sf).

The Borealis is also designed to qualify for the BUILTGREEN certification and the BUILT SMART program to conserve resources and provide/promote energy efficient urban dwellings.

Completion is scheduled for Spring 2008 and more info will be coming soon!