Groundbreaking Welcomes Residential Project to Sunset Area
Renton will gain 686 new residential units at Solera, the cornerstone of the ongoing redevelopment of the city’s Sunset neighborhood.
Mayor Armondo Pavone, Renton City Council members and executives of project developer DevCo participated in Solera’s groundbreaking ceremony August 31.
When complete, Solera will have 686 new residential units: 275 will provide affordable housing, 315 will be market-rate, and 96 will be for-sale townhomes.
Also included in this project is approximately 39,000 sq. ft. of retail space and more than 1,000 parking spots.
Solera is located on the Greater Hi-Lands Shopping Center site, along Sunset Blvd. NE between NE 100th St. and Kirkland Ave. NE.
Mayor Pavone called Solera a crucial component of the Sunset Area Community Investment Strategy. He explained that when completed, this project will bring together all four elements of a complete community:
- High-quality, market-rate apartments
- Affordable housing
- Homeownership opportunities
- Commercial space and amenities, including a childcare facility
The Solera project also will have pedestrian and vehicle connections to Sunset Neighborhood Park, Renton Highlands Library and the Sunset Neighborhood Center.
This project is supported by robust private and public funding, including the Evergreen Impact Housing Fund (EIHF). EIHF is a critical funding source that helps finance affordable housing projects in collaboration with the Seattle Foundation and five area credit unions. Solera is EIHF’s first project.