Evergreen Point Group Secures 88 Million Dollar Loan for Shoreline Transit-Oriented Project

Evergreen Point Group lands an $88 million construction loan for Leeway, a 360-unit transit-oriented development in Shoreline, WA, featuring LEED Platinum design.

By: AXL Media

Published: Mar 27, 2026, 11:41 AM EDT

Source: https://www.multihousingnews.com/

A Mix of Market-Rate and Affordable Living

Leeway is designed to address the region's diverse housing needs by participating in Shoreline’s 12-year multifamily tax exemption (MFTE) program.

Affordability: 20% of the units (approximately 72 apartments) will be reserved for households earning between 70% and 80% of the Area Median Income (AMI).

Sustainability: The project is targeting LEED Platinum certification, featuring 49 electric vehicle charging stations within its two-story subterranean parking garage.

Modern Comfort: Approximately 50% of units will feature full air conditioning, while the remainder will be equipped with AC ports.

Unparalleled Transit Connectivity