From todays DJC.
https://www.djc.com/news/co/12124775.html
August 27, 2019
Mercy Housing opens low-income units at Sand Point
The $75 million project converted historic Navy barracks into 148 apartments and service space.
By JOURNAL STAFF
Mercy Housing Northwest recently opened 148 low-income apartments in the converted former Sand Point Naval Air Station barracks on the Magnuson Park campus in Northeast Seattle.
The energy-efficient studio, one-, two- and three-bedroom apartments in Mercy Magnuson Place (formerly Building 9) are open to people making up to 60% of area median income. Rents are $622 to $1,495, the developer said in press materials.
The project has a community room and gathering space in which Mercy Housing offers resident services with an emphasis on health and wellness, out of school time for youth, financial literacy and housing stability.
Bill Rumpf, president of Mercy Housing, said Magnuson Park is ideal for families — near good schools, recreation and job centers.
Building 9, built between 1929 and 1941, housed barracks until 1993. Mercy Housing launched the adaptive reuse and restoration of the 240,000-square-foot historic building in 2017. The low-income housing developer said it hasn't finished the project wrap-up, but the total cost is about $75 million — more expensive than its typical new construction due to specialized historic preservation, extensive remediation and interior demolition and seismic upgrading.
Mercy Housing launched the adaptive reuse and restoration of the 240,000-square-foot building in 2017.