8a - 2021 Comp. Plan Amendment and Development Agrmt. for Former Bally'sC
Intracorp Proposed Townhome Project
32818 First Avenue South, Federal Way
City Council Meeting - Rezone and
Development Agreement
August 9'^ 2022
I N T R A C 0 R P
Building the Extraordinary
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Site
Overview
■ Consistent with adjacent zoning
■ Landscaped setbacks, common greens, playground, _
and private yards �-
■ Site safety and community connectivity
■ Private garage parking and site guest parking
■ Townhome-style design with street -level modulation,
private entries and pitched roofs
SITE PLAN AND PROPOSED PROJECT BENEFITS
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I N T RACORP
Building the Extraordinary
Public Benefits
■ Supports City's Housing Action Plan to add new
`missing middle' housing
■ High quality market rate 2, 3, and 4 bedroom
townhome-style housing.
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INTRACORP
Building the Extraordinary
Public Benefits
■ Improve neighborhood character
■ Enhance neighboring home values with new
construction valuation
■ Increase current assessed value of property from
$2.3M to +$70M
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I N T RACORP
Building the Extraordinary