Seattle New Construction & Proposed Multifamily

Total Page:16

File Type:pdf, Size:1020Kb

Seattle New Construction & Proposed Multifamily Seattle New Construction & Proposed Multifamily Projects 2Q18 ID PROPERTY UNITS 1 Danforth, The 265 2 Hyde Square 618 18 3 Ascent 251 4 Kiara 461 5 Cerasa 154 19 6 Encore 60 7 Metro 112 Phase II 57 10 8 Merc, The 122 58 9 Etta 75 107 10 205 72 40 54 8 11 Crew 70 12 Luna 71 34 51 13 East Union 144 59 17 14 Elara at the Market 150 76 77 3 15 McKenzie 450 41 83 16 CityLine Phase II 155 84 80 93 42 17 624 Yale 206 102 55 48 20 4 22 98 18 Creekside Phase II 50 50 15 92 74 19 Park 77 182 103 64 Total Lease-Up 3,613 16 49 36 13 11 12 1 20 600 Wall Street 370 88 14 65 21 Bower, The 339 67 87 45 47 78 22 1120 Denny Way 1128 61 86 23 Jackson 532 46 106 24 Marquee on Meeker 288 100 70 75 25 Bear Creek 360 73 26 Stazione:25, The 301 27 Esterra Park Blocks 5, 6A and 9 658 94 28 Modera Redmond 300 90 57 29 Marvelle at Southcenter 166 72 30 Village at Totem Lake 201 23 31 AMLI Spring District 204 44 56 32 4722 Fauntleroy Way SW 250 33 Crossroads Senior Living 185 6 34 800 5th Avenue North 68 35 Brio 258 74 Urban Green Villa 132 21 36 14th & Madison 137 75 Broadstone First Hill 350 37 Luna 108 76 Mariner on Republican 128 30 38 Talisman 286 77 University 117 78 Brooklyn Flats, The 55 63 39 888 108th Avenue NE 158 79 StationHouse 216 40 Lodge Phase III, The 200 80 2nd & John 80 41 Marlowe 181 81 Lux 137 42 2100 East Madison 50 82 Arras 279 43 Bellevue Parkside 136 83 Sitka 384 28 44 18727 Blueberry Lane 112 84 Lane 217 45 Track 66 78 85 6301 15th Avenue NW 63 86 aPODment Suites @ Giardino 62 25 96 46 Roosevelt 114 60 79 47 Vida 201 87 Valdok 177 62 89 88 Lucille on Roosevelt 106 48 Alexan 100 164 38 89 Triangle, The 195 49 Arrive 339 90 Modera Jackson 160 50 Avalon Belltown Towers 275 91 Anthology 398 51 Mercer Blocks, Block 25 West 83 92 Gerrish Hall 55 95 52 Vale 110 93 Orion 129 37 26 53 Avaya 74 74 94 Metro Line Flats 75 54 Boulevard Place 292 95 Alexan Marymoor 227 105 99 91 96 Ravello 102 32 66 52 55 Northgate Eighth 139 16 69 56 Muir 135 97 Redmond 148 244 101 57 Yesler Terrace Block 3 237 98 121 12th Avenue East 51 58 Arabella II 107 99 Sonata East 91 59 Mercer Blocks, Block 31 81 100 Axle 226 101 Upton Flats 104 60 Uptown 185 97 68 102 Cubix North Park 108 61 5512 17th Avenue NW 94 103 Woodland 85 27 29 53 33 62 Alexan Central Park 193 104 Westridge Phase II 50 63 Woodin Creek Village Buildings A, B & D 236 105 Liv Fauntleroy 53 2 64 10 Clay 62 106 Arion 98 65 1001 Minor 209 107 Edition 135 81 35 31 82 66 Foundry, The 118 Total Under Construction 16,758 24 39 67 Valdok II 157 7 104 68 AVA at Esterra Park 323 LEGEND 69 Issaquah Gateway Senior 146 5 Lease-Up 43 70 Robin's Next 61 71 71 B2 165 Under Construction 72 Puget Park 256 Planned 73 Werner, The 59 Prospective 5 mi Source: Yardi Matrix a Berkshire Hathaway and Jefferies Financial Group company Seattle New Construction & Proposed Multifamily Projects 2Q18 ID PROPERTY UNITS 178 427 9th Avenue North 242 108 Marketplace, The 331 179 4th & Bell Tower 287 109 3214 Broadway 140 180 5th & Lenora 463 125 110 Everett Waterfront 266 181 5th & Virginia 431 111 Riverview 201 182 901 Harrison Street 292 112 Allegro at Ash Creek 114 183 9th & John 278 113 Evergreen Village 231 184 Altitude Residences 236 114 Greater Residence 123 185 BB6 936 119 126 115 Westgate Village 85 186 Block V 638 116 Avalon North Creek 316 187 Communita Atelier 98 117 Bothell Way 200 188 Rainier Square Redevelopment 200 124 118 Lifebridge 562 189 Shilla Tower 286 123 119 10540 Greenwood Avenue North 62 190 St. Johns 430 121 122 120 120 320 North 85th Street 210 191 722 East Pike Street 90 128 136 121 8501-8521 15th Avenue NW 114 192 Crosby Capitol Hill 50 122 8612 Palatine Avenue North 141 193 Spring Street & 8th Avenue 550 146 137 147 123 8829 Roosevelt Way NE 72 194 104 12th Avenue 282 139 131 141 145 124 9731 Greenwood Avenue North 54 195 16th & Cherry 50 217 148 125 Artisan, The 172 196 Jackson & 26th 77 127 135 126 Northgate 235 197 Rainier 185 132 127 6416 15th Avenue NW 60 198 SpringHill Suites 123 131 110 128 8311 15th Avenue NW 83 199 Quendall Terminals 692 111 144 218 138 130 143 129 4025 Stone Way North 59 200 Inneswood 93 142 130 4555 Roosevelt Way NE 168 201 4721 38th Avenue SW 51 109 129 140 131 6860 East Green Lake Way North 59 202 Lam Bow Phase II 50 132 7001 Roosevelt Way NE 54 203 1405 South Bayview Street 67 133 7011 Roosevelt Way NE 57 204 2016 23rd Avenue South 100 134 743 North 35th Street 56 205 5201 Rainier Avenue South 107 135 815 NE 66th Street 78 206 6901 Martin Luther King Jr Way South 141 136 8403 Greenwood Avenue North 70 207 Link Mt. Baker 156 137 Green Lake North 133 208 Sonata West 98 138 Grove, The 51 209 Barton Terrace 66 139 Phinney Flats 59 210 Sunset Terrace Redevelopment 112 114 140 Sora - University District 52 211 VIA 405 270 112 141 1300 NE 65th Street 165 212 Vintage at Seatac 170 113 142 4536 20th Avenue NE 64 213 Kent Midway 265 116 143 4700 Brooklyn Avenue NE 229 214 Waterview Crossing Building 3 326 115 144 4710 20th Avenue NE 52 215 Reserve at Kent, The 252 134 157 145 Block 3A 131 216 Mont Vu 126 146 Brooklyn 77 217 Iron Flats 289 117 152 157 147 Centerline 235 218 Residences at U-Village 229 151 148 Luxe II 52 219 2031 Westlake 71 149 Blackbird 165 220 Center Steps 269 150 Esterra Park Block 10 263 221 600 East Howell Street 76 118 151 Woodin Creek Village Buildings C & E 86 222 Capitol Hill TOD Site A 150 152 Interbay 93 223 Capitol Hill TOD Site B South 74 156 219 153 1110 Dexter Avenue North 85 224 1165-1175 Harrison Street 80 149 154 1115 Dexter Avenue North 170 225 1200 Stewart Street 1051 159 155 1405 -1415 Dexter Avenue North 167 226 3rd & Virginia 453 155 156 2100 Queen Anne Avenue North 250 227 707 Terry Avenue 488 168 150 154 153 157 318 Nickerson Street 64 228 Yesler Terrace Block 4 200 165 158 400 Roy 65 229 First Central Station 369 166 167 159 Stream Dexios 88 230 Beacon Hill 65 167 158 160 225 Harvard Avenue East 71 231 Cubix Othello 85 204 198 203 108 220 177 178 161 2334 Franklin Avenue East 56 232 1200 Stewart Street 1051 207 172 230 187 162 953 East Union Street 55 233 3rd & Virginia 453 201 200 182 171 224 163 Capitol Hill TOD Site C 94 234 707 Terry Avenue 488 202 208 199 183 164 Modera Broadway North 228 235 Yesler Terrace Block 4 200 205 176 190 160 209 189 181 165 Bellevue Square 250 236 First Central Station 383 206 231 181 222 223 210 186 181 166 ELEV8 439 237 Promenade 23 532 185 163 221 167 Four 106 Phase I 326 238 Issaquah Gateway Senior 146 181 179 180 192 164 168 Plaza Residential 260 239 Beacon Crossing 97 211 181 191 169 100 Columbia Street 287 240 Beacon Hill 65 226 184 162 170 1101 Western Avenue 325 241 Stazione:25, The 301 193 214 188 195 171 1120 John Street 843 242 3717 South Alaska 243 227 229 172 1170 Republican 110 243 Cubix Othello 85 212 170 194 169 228 173 1800 Terry Avenue 428 Total Planned 25,860 174 1901 Minor Avenue 940 214 215 175 2014 Fairview Avenue 437 213 199 176 307 Broad 149 197 LEGEND 216 198 177 408 Aurora Avenue North 78 Lease-Up 174 2218 1st Avenue 66 175 307 Broad 149 Under Construction 176 408 Aurora Avenue North 78 Planned 177 427 9th Avenue North 242 Prospective 5 mi Source: Yardi Matrix a Berkshire Hathaway and Jefferies Financial Group company Seattle New Construction & Proposed Multifamily Projects 2Q18 ID PROPERTY UNITS 306 601 Aurora Avenue North 123 232 1314 Denny Way 480 307 Belltown 307 247 233 2000 23rd Avenue South 139 308 Belltown 36 325 309 Belltown Tower 458 234 Marketplace Phase II, The 354 246 235 18631 Alderwood Mall Pkwy 349 310 Block 48 464 236 Lynnwood Place 330 311 Block 56 North 90 245 237 Harmony 70 312 Block 56 South 294 238 Point Wells Urban Center 250 313 Boren + Lenora 425 239 Andorra Estates 84 314 Civic Square Tower 520 240 Andorra Estates Phase II 240 315 Mercer Blocks, Block 37 218 241 Paradise Lake Road Garden 360 316 Pioneer Square Redevelopment 132 360 242 Weaver Road Senior 100 317 Seattle Times Building 433 243 Shoreline 243 318 1103 Summit Avenue 91 244 209 North 87th Street 52 319 815 9th Avenue 276 244 245 3310 NE 125th Street 150 320 Convention Center Site B 409 359 246 Caspian, The 252 321 Esker 71 247 Lake City 73 322 Knights of Columbus Redevelopment 50 251 248 1740 NW Market Street 50 323 Skyline Expansion 76 249 2417 NW Market Street 171 324 1020 South Main Street 282 255 250 5011 15th Avenue NW 150 325 1221 South Main Street 100 254 251 Crown Hill 54 326 16th Avenue 88 260 249 248 252 3421 Woodland Park Avenue North 85 327 19th & Madison 160 261 266 253 4048 7th Avenue NE 80 328 216 10th Avenue 111 250 264 262 259 263 254 6300 9th Avenue NE 140 329 City People's Redevelopment 76 242 257258 255 6501 Roosevelt Way NE 126 330 Sound Flats 78 256 North 39th 147 331 Dahlgren 212 256 253 257 4510 11th Avenue NE 201 332 River Run 130 280 258 4515 Brooklyn Avenue NE 221 333 3039 SW Avalon Way 71 252 259 4726 15th Avenue NE 129 334 4501 38th Avenue SW 110 260 5229 University Way NE 60 289 261 5300 Roosevelt Way NE 55 335 4800 40th Avenue SW 67 336 7617 35th Avenue SW 50 262 Trailside Redevelopment 268 237 263 Union Bay Place 98 337 Braseth 42nd 77 264 University 4727 67 338 California Avenue SW & SW Edmonds St 82 265 University 5039 51 339 Junction Landing 62 236 275 266 University Village 250 340 1801 Rainier Avenue South 186 335 267 University Way 59 341 2007 South State Street 60 250 268 Lake Street Place 150 342 5949 36th Avenue South 55 238 240 269 Redmond City Center 421 343 Colina East 95 344 2019 24th Avenue South 67 270 Rose Hill 650 243 282 281 290 345 3421 Rainier Avenue South 77 273 271 Village, The 96 306 315 346 4009 South Willow Street 53 272 284 283
Recommended publications
  • Meets Special Condition S6 of NPDES Permit
    King County Department of Natural Resources and Parks Wastewater Treatment Division King Street Center, KSC-NR-0500 201 South Jackson Street Seattle, WA 98104-3855 February 27, 2018 Biniam Zelelow Washington State Department of Ecology 3190 160th Avenue SE Bellevue, WA 98008-5452 Transmittal of King County Industrial Waste Program's 2017 Annual Pretreatment Report Dear Mr. Zelelow: In accordance with Special Condition S6 of the National Pollutant Discharge Elimination System permits for the King County Department of Natural Resources and Parks, Wastewater Treatment Division's treatment plants, I am submitting the 2017 Annual Pretreatment Report. This submittal includes an executive summary and a program narrative for 2017, which provides greater detail on program activities. Please find the narrative portion of the report and a CD containing the appendices enclosed with this letter. In addition, the narrative and appendices will be uploaded to the Permitting and Reporting Information System (PARIS). If you have any questions regarding the Annual Pretreatment Report, please call Industrial Waste Program Manager Mark Henley at 206-263-6994 or email him at [email protected]. Sincerely, ^v ~^'-—' Mark Isaacson Division Director Enclosure ec: Chris Townsend, Section Manager, Environmental and Community Services Section (ECSS), Wastewater Treatment Division (WTD), Department of Natural Resources and Parks (DNRP) Mark Henley, Manager, Industrial Waste Program, ECSS, WTD, DNRP Annual Pretreatment Report 2017 March 2018 Department of Natural Resources and Parks Wastewater Treatment Division Industrial Waste Program For comments or questions, contact: Mark Henley King County Wastewater Treatment Division Industrial Waste Program KSC-NR-0513 201 S. Jackson Street Seattle, WA 98104-3855 206-263-6994 [email protected] Alternative Formats Available 206-477-5371, TTY Relay: 711 Contents Executive Summary .......................................................................................................................
    [Show full text]
  • 1930 Boren Avenue Trammell Crow | Lmn | Weisman Design Group Early Design Guidance | Sdci Project # 3032054-Eg | July 17, 2018 Table of Contents
    1930 BOREN AVENUE TRAMMELL CROW | LMN | WEISMAN DESIGN GROUP EARLY DESIGN GUIDANCE | SDCI PROJECT # 3032054-EG | JULY 17, 2018 TABLE OF CONTENTS 1.0 DEVELOPMENT OBJECTIVES 2.0 SITE PLAN 3.0 URBAN DESIGN ANALYSIS 4.0 ZONING DATA 5.0 DESIGN GUIDELINES 6.0 ARCHITECTURAL MASSING CONCEPTS 2 1930 BOREN AVE. I PROJECT # 3032054-EG I EARLY DESIGN GUIDANCE I 07.17.2018 LMN 1.0 DEVELOPMENT OBJECTIVES DEVELOPMENT SUMMARY SITE CONTEXT #3029383) is directly east of the site and is across the street on Boren Avenue with offi ce, The proposal at 1930 Boren Avenue is an The project site is located within the DMC planned as a mixed use building with a 440 laboratories, research and development to approximately 159 ft. high commercial building. 240/290-440 zone and within the Denny ft tower and 8-story podium directly adjacent accompany the research building currently The site is bounded by Boren Avenue to the Triangle Urban Center Village. The project site to the site and an 8-story “sidecar” hotel over under construction at 1920 Terry Avenue. south, Virginia Street to the west, an alley to is bordered by the DMC 340/290-440 zone to the podium adjacent to Stewart Street. To the the north and a proposed mixed-use building the south of Boren Avenue. north across the alley is 1901 Minor Avenue on a podium to the east. (SDCI# 3019623) a residential building with The Denny Triangle neighborhood is rapidly two 400 ft tall towers on top of an 8-story The project is planning for approximately evolving with several new buildings refl ecting podium.
    [Show full text]
  • Research & Forecast Report
    RESEARCH & FORECAST REPORT PUGET SOUND REGION Q2 2020 | MULTIFAMILY YOY YOY YOY YOY Occupancy Rate Number of Sales New Supply (Units) Rental Rate (PSF) 94.1% FORECAST 3 FORECAST 1,410 FORECAST $2.09 FORECAST Overview Key Takeaways Looking solely at occupancy and rental rates, the Puget Sound multifamily · Rents grew 60 basis points year over year in the Puget Sound, largely market appears to be weathering the current pandemic relatively well. fueled by substantial growth (3.5%) in Pierce County. Rents have grown in every county and asset class, with the lone exception · Though occupancy dropped 20 basis points YoY in the Puget Sound, King of 1-bedroom units in King County, which stayed flat. As a whole, the County (accounting for 70% of tracked inventory) grew 10 basis points. Puget Sound saw a 20-basis point reduction in occupancy, though · Total investment volume by dollar amount has dropped 188% year over occupancy year over year in King County (where 70% of inventory exists) year in the Puget Sound. still grew by 10 basis points. Investment sales declined significantly quarter over quarter and year over year (down 33% and 367%, · The average cap rate for the Puget Sound dropped slightly, from 4.6 to respectively), given the new excise tax and flood of listings pulled off the 4.4% quarter over quarter. market. However, the Kiara trading hands for $320M ($700K/unit)—which · Deliveries dropped 34% quarter over quarter, though the under- was the quarter’s 5th largest multifamily sale nationally—signaled that construction pipeline is mostly flat. institutional interest in the Puget Sound region remains strong.
    [Show full text]
  • 2.86-Acres | 124395 Sf
    2.86-acres | 124,395 sf REQUEST FOR PROPOSALS: unique development opportunity premier seattle land site located in south lake union INVESTMENT CONTACTS: Lori Hill Rob Hielscher Bob Hunt Managing Director Managing Director Managing Director Capital Markets International Capital Public Institutions +1 206 971 7006 +1 415 395 4948 +1 206 607 1754 [email protected] [email protected] [email protected] 601 Union Street, Suite 2800, Seattle, WA 98101 +1 206 607 1700 jll.com/seattle TABLE OF CONTENTS Section I The Offering 4 Introduction Investment Highlights Site Summary Objectives and Requirements Transaction Guidelines Section II Project Overview & Development Potential 17 South Lake Union Map and Legend Project Overview Zoning Zoning Map seattle Development Considerations Development Potential Section III RFP Process and Requirements 34 Solicitation Schedule Instructions and Contacts RFP Requirements Evaluation Process Post Selection Process Disclosures Section IV Market Characteristics 50 Market Overview Market Comparables Neighborhood Summary Regional Economy Section V Appendices 74 NORTH See page 75-76 for List of Appendix Documents Copyright ©2018 Jones Lang LaSalle. All rights reserved. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the property without express or implied warranties of any kind. The property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. Section I THE OFFERING 4 | Mercer Mega Block | Request for Proposals 520 REPLACE MERCER STREET LAKE UNION DEXTER AVE N ROY STREET ROY 99 NORTH Last large undeveloped site in South Lake Union | Mercer Mega Block | Request for Proposals 5 THE OFFERING INTRODUCTION MERCER MEGA BLOCK JLL is pleased to present the Mercer Mega Block, a 2.86-acre site acquisition opportunity.
    [Show full text]
  • Upzoning and Value Capture How U.S. Local Governments Use Land
    Land Use Policy 95 (2020) 104624 Contents lists available at ScienceDirect Land Use Policy journal homepage: www.elsevier.com/locate/landusepol Upzoning and value capture: How U.S. local governments use land use T regulation power to create and capture value from real estate developments Minjee Kim Land Use Planning and Real Estate Development, Florida State University, 336 Bellamy Building, 113 Collegiate Loop, P.O. Box 3062280, Tallahassee, FL, 32306, United States ARTICLE INFO ABSTRACT Keywords: The public sector can harness its authority to control land uses to secure valuable public benefits from real Value capture estate developments. This paper investigates how five major U.S. cities—Boston, Chicago, New York, San Upzoning Francisco, and Seattle—are using their land use regulation powers to create and capture value for the public Zoning negotiations benefit. An analysis of the zoning and entitlement processes of the 20 largest real estate development projects Land use exactions in each city reveals that value has been captured from all 100 projects. Furthermore, these cities implicitly Real estate development differentiated value capture into two distinct components: value creation and value capture. Among the100 projects, cities created value for 90 projects by allowing greater density and height—a practice often referred to as “upzoning.” Distinguishing such upzoning incidences from traditional land use exaction tools is im- portant because the added value gives local governments greater legitimacy in asking for public benefits. The experience of the five cities further revealed that value capture strategies can be customized to adapt tounique regulatory, political, and cultural contexts. Lastly, despite the fact that the majority of the upzoned projects increased density and height through project-specific negotiations, none of the cities had clear standards or evaluation frameworks for determining: how much value was created, what can be asked for in return, and who should benefit from the value captured.
    [Show full text]
  • Affordable Housinghousing Designdesign Studiostudio
    AffordableAffordable HousingHousing DesignDesign StudioStudio 1 Annual Summer Fair at Othello Square 2LIHI Tiny House ABOUT Our Firm Since our founding, Weber Thompson has designed over 10,000 residences in low, mid- and high-rise structures. Every day, people from all walks of life come home to one of our designs. From young to old, individuals to families of all kinds, from those with lower incomes to the affluent, we are proud to serve the full breadth of our community. This work motivates us; it’s sparks our passion to create. We want to make a difference in people’s lives and in the community. For these homes to be successful, every detail matters. We understand the intimate role these spaces play in people’s lives. To that end, we work with providers to meet the needs of their residents, designing homes that support them in their daily lives by providing healthy places; places of safety and respite that are flexible enough to allow for a wide range of living styles, ages, family sizes and configurations. Equally important, and perhaps more difficult to capture, is the level of personal commitment Weber Thompson, and this team in particular, brings to serving our affordable housing clients. Whether it’s organizing a book drive for the Raven Terrace lending library, building a Tiny House for LIHI, or working through a gazillion permutations of the tax credit programs with Bellwether, Weber Thompson approaches affordable housing as part of our mission. We understand how difficult these projects are and how hard our clients work to serve their communities.
    [Show full text]
  • Apartments Specialty Area: 100 Commercial Revalue for 2020 Assessment Roll
    Apartments Specialty Area: 100 Commercial Revalue for 2020 Assessment Roll Department of Assessments Setting values, serving the community, and pursuing excellence 500 Fourth Avenue, ADM-AS 0708 Seattle, WA 98104-2384 OFFICE (206) 296-7300 FAX (206) 296-0595 Email: [email protected] Web: http://www.kingcounty.gov/assessor/ Department of Assessments 500 Fourth Avenue, ADM-AS-0708 John Wilson Seattle, WA 98104-2384 Assessor OFFICE: (206) 296-7300 FAX (206) 296-0595 Email: [email protected] http://www.kingcounty.gov/assessor/ Dear Property Owners, Our field appraisers work hard throughout the year to visit properties in neighborhoods across King County. As a result, new commercial and residential valuation notices are mailed as values are completed. We value your property at its “true and fair value” reflecting its highest and best use as prescribed by state law (RCW 84.40.030; WAC 458-07-030). We continue to work hard to implement your feedback and ensure we provide accurate and timely information to you. We have made significant improvements to our website and online tools to make interacting with us easier. The following report summarizes the results of the assessments for your area along with a map. Additionally, I have provided a brief tutorial of our property assessment process. It is meant to provide you with the background information about the process we use and our basis for the assessments in your area. Fairness, accuracy and transparency set the foundation for effective and accountable government. I am pleased to continue to incorporate your input as we make ongoing improvements to serve you.
    [Show full text]
  • Seattle Area Construction Look Ahead February 20, 2020
    Seattle Area Construction Look Ahead February 20, 2020 Also available online at: http://www.seattle.gov/transportation/constructionlookahead.htm For an online map of these events, go to http://www.seattle.gov/travelers. Items will appear on the dates listed. Please note that many of these projects are weather dependent, and may be cancelled due to inclement weather. Please check the project's website for updates. Highlights: January 4 - March 15: Connect 2020 Sound Transit project continues with service reductions and one final weekend closure the weekend of March 14 - 15. February 21 & 22: Full northbound closure of the 1st Ave S Bridge. Nightly 9PM - 8AM. February 22: Columbia St. opens as a two-way street transit corridor. February 22: Seattle Dragons host the Dallas Renegades. XFL football at CenturyLink Field. Kickoff at 2PM. February 27: Seattle Sounders host Olimpia at CenturyLink Field. Kickoff at 7PM. February 28: Full southbound closure of the SR99 Tunnel for emergency repairs. Fri 10PM - Sat 8AM. March 1: Hot Chocolate 15K/5K Run will start and finish at the Seattle Center Sunday morning. The northbound lanes of SR99 will be closed from South Lake Union to Green Lake. March 1: Seattle Sounders host the Chicago Fire at CenturyLink Field. Kickoff at 12PM. March 13: Full northbound closure of the SR99 Tunnel for monthly maintenance. Fri 10PM - Sat 8AM. March 14 - 15: No Link service between SODO and Capitol Hill. Week of February 17 - 23 Planned Construction Date(s) and Project /Location Description of Traffic Impacts Location Times Sound Transit is constructing new tracks that will connect downtown Seattle to the Eastside.
    [Show full text]
  • This Page Contains Field Values to Be Dropped in Throughout the Report
    Appraisal of: Garden Court Apartments 3410 Colby Avereet Everett, WA 98201 Prepared By: O’Connor Consulting Group 500 Union Street, Suite 650 Seattle, WA 98101 Brian O’Connor, MAI, CRE Reilly Peavey, Associate Prepared For: Prestige Properties NW, LLC c/o Jason Decker 425.922.9043 [email protected] Effective Date: February 20th, 2020 Date of Report: March 6th, 2020 OCG# 20-104 March 6th, 2020 OCG Ref. No. 20-104 Prestige Properties NW, LLC c/o Jason Decker 425.922.9043 [email protected] RE: Appraisal of: 3410 Colby Ave Everett, WA 98201 Dear Mr. Decker: In accordance with your request, we have written an appraisal and formed an opinion of the current Market Value of the Fee Simple interest in the above-referenced property. The accompanying appraisal report identifies the subject property, describes the market for this type of property, and presents the specific market data and analysis leading to our estimate of value. The subject property consists of two 6-unit multifamily buildings totaling 12 multifamily units. The buildings are recorded as having been built in 1989 and 1990. The buildings are situated on three parcels totaling 18,296 square feet located at 3410 Colby Avenue in the Port Gardner neighborhood of Everett. The subject’s units are both townhouse and flat style and include 3 levels of living area plus covered off- street parking accessible from the alley. Four units are one-bedroom one-bathroom flats, four units are two-bedroom one-bathroom flats, and four units are two-bedroom two-bathroom townhouses. In this report, we have estimated the subject’s current market value effective on the date of inspection, February 20th, 2020.
    [Show full text]
  • Seattle Multifamily
    4th Quarter 2018 Real Estate Market Review Seattle Multifamily Top Sale Transactions for 2018 Property Submarket # of Units Sale Price Price/Unit Buyer Seller Avana 522 North Creek 558 $173,000,000 $310,036 Decron Properties The Blackstone Group LP Sparc Bel-Red 309 $150,000,000 $485,437 AGI Publishing Inc. USAA Real Estate Company The Reserve Apartments South Lake Washington 440 $143,000,000 $325,000 Griffis Residential Fairfield Residential The Griffis Residential South Lake Washington 440 $139,500,000 $317,045 Griffis Residential Fairfield Residential Cirrus Denny Triangle 355 $103,296,401 $290,976 GID Investment Advisors, LLC Squire Patton Boggs Top Under Construction Property Address Submarket # of Units Owner Delivery Date Onni Towers 1120 Denny Way South Lake Union 1,128 Onni Group November 2020 1200 Stewart St. 1200 Stewart St. Denny Triangle 1,050 Westbank Projects Corp. November 2020 The Village @ Totem Lake 12601 120th Ave. NE Totem Lake 851 CenterCal Properties, LLC August 2019 Tagore &156th Ave NE Tagore & 156th Ave. NE Overlake 658 City of Redmond January 2019 8549 E Martin Way 8549 E. Martin Way E. Olympia 623 The Wolff Company January 2019 Top Completed Construction Property Address Submarket # of Units Owner Delivery Date Hyde Square 2038 155th PI NE Crossroads 485 Carmel Partners June 2018 Kiara 111 Terry Ave. N South Lake Union 461 Holland Partner Group September 2018 McKenzie 2202 Eighth Ave. Denny Triangle 450 Clise Properties Inc. August 2018 Stratus 820 Lenora St. Denny Triangle 396 GID Urban Development Group January 2018 Sitka 1255 Harrison St. South Lake Union 384 Vulcan, Inc.
    [Show full text]
  • Mid-Rise/Mixed-Use Design Studio
    Mid-Rise/Mixed-Use Design Studio 1 Radius SLU Roof Deck 2 We know urban mid-rise. For over 30 years Weber Thompson has been designing highly successful mid-rise multifamily projects within the city’s urban fabric. We understand the market forces, city requirements and complicated technical necessities this type of building demands. This depth of experience allows us to focus on the design and craft a high quality building without busting the budget or schedule. Most of the mid-rise multifamily projects we design have a context – they exist within a community and among buildings that establish design constraints and opportunities. What we design are very much neighborhood buildings. Design in context, sensitive to the scale and character of surrounding buildings, will be essential as your project evolves from planning to architectural design. 3 Pike Motorworks 4 MEET OUR Mid-Rise Team Amanda Keating AIA, LEED® AP BD+C SENIOR PRINCIPAL / PRINCIPAL IN CHARGE Amanda bridges the gap between aesthetic judgment and technical understanding. She manages the design, documentation and construction administration of large-scale, mixed use projects with the firm’s mid-rise group. Amanda is renowned for her thoughtful, even-keeled approach and calm management style. She is also a core member of Weber Thompson’s highly energized Sustainabiliteam. Jeff Reibman AIA, NCARB, LEED® AP BD+C SENIOR PRINCIPAL / PRINCIPAL IN CHARGE For over 20 years Jeff has been working in the Seattle area with a focus on residential design of every kind. Throughout his career, he has developed his expertise in creative land use solutions and complex entitlement processes.
    [Show full text]
  • Belltown Seattle Multifamily
    MARCH 2018 BELLTOWN SEATTLE MULTIFAMILY Submarket metrics and benchmarks: rent, inventory, new supply and sales. BELLTOWN SEATTLE MULTIFAMILY MARCH 2018 Belltown submarket metrics and benchmarks: rent, inventory, new supply and sales. TABLE OF CONTENTS Overview 1 Submarket Fundamentals 2 Rental Activity by Unit Type 3 Development Activity 4 Transaction Activity 5 123 Properties A- Average Location Rating 18,954 Units B Average Improvements Rating PROPERTY AGE BY UNITS IMPROVEMENTS RATING BY UNITS CONTACT US EFFECTIVE BEDROOMS BY UNITS BUILDING STORIES BY PROPERTIES Get in touch with our team for inquiries and feedback Ron Brock Industry Principal, Matrix (480) 663 1149 ext. 2404 Candice Spencer Customer Service/Retention Manager (480) 663 1149 ext. 2417 1 SUBMARKET FUNDAMENTALS MARCH 2018 RENTAL RATES YEAR-OVER-YEAR ROLLING CHANGE VS MARKET 33rd Rank out of 42 Submarkets 1.3% Y-o-Y Change $2,398 Average Rental Rate March 2018 OCCUPANCY RATE VS MARKET 43rd Rank out of 44 Submarkets 93.1% Occupancy Rate March 2018 INVENTORY GROWTH COMPLETIONS AS % PRIOR INVENTORY 3rd Rank out of 44 Submarkets 18.5% Growth in 2018 - Projected Year End 3,436 Units built in 2018 - Projected Year End Belltown | Seattle Multifamily | 2 RENTAL ACTIVITY BY UNIT TYPE MARCH 2018 QUARTERLY YEAR-OVER-YEAR ROLLING CHANGE BY UNIT TYPE 2016 2017 2018 Unit Type # Units SqFt/Unit Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 One Bedroom 12,149 682 3.7% 6.2% 7.8% 6.7% 7.1% 4.8% 1.6% 1.2% Two Bedrooms 3,679 1,075 0.1% 0.2% 1.0% 0.7% 5.2% 7.1% 5.5% 2.7% Three Bedrooms 150 1,206 8.0% 4.7% 5.5% 0.9%
    [Show full text]