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3725 Sti nson Blvd evelopment City Council/Planning Commission Work Session June 1, 2020 Proposed Development: Affordable by design 38-unit apartment building Key Features: Market rate workforce housing Targeting working professionals in the 60% to 80% AMI demographic (low $40K to mid $50K) Small and efficient floor plans Quality exterior and interior finishes Eliminating expensive and often unused common area amenities Modular construction 3725 Stinson Area Map – subject at corner of Stinson Blvd and 38th Ave NE Neighboring Apartment Communities: A: Doran New Development - 496 units; 2021 built B: Landings at Silver Lake Village – 263 units; 2005 built C: Equinox Properties – 266 units; 1971 built D: Stinson Apartments/Apache Arms – 48 units; 1960’s built E: Legends at Silver Lake Village (Senior Community) – 169 units, 2015 built F: Heights Manor (Senior Community) – 85 units, 1978 built &