SLU’s Borealis Apartments Open
Vulcan announced the opening of its third apartment complex, The Borealis, in the South Lake Union district. The development is the result of a land purchase deal with the city back in 2001 that’ll provide 53 workforce units available to individuals and families earning less than 80% of the King County median household income.
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. Rents at Borealis Apartments will start at $875 for a studio, $1,052 for a one-bedroom and $1,244 for a two-bedroom unit.
Borealis features studio, one-bedroom and two-bedroom apartment homes ranging in size from 400 to 850 square feet. The project incorporated green built features such low flow fixtures, Energy Star appliances, low VOC finishes, green screens and bike lockers.