NAIOP Award won for Waterfront Place Apartments
Sealevel and Gracorp took home an award selecting Waterfront Place Apartments for “the best multifamily residential suburban project over 100 units” at NAIOP’s annual “Night of the Stars” gala on Friday, November 4, 2022. NAIOP is the Washington chapter of the commercial real estate trade group.
This is an exciting win for everyone and another validation for the success of Waterfront Place Apartments, a multi-family community on the Everett Waterfront.
SeaLevel Plans Two New Properties, Including One Featuring Small Units
SeaLevel Properties, the multifamily division of Pacific Northwest-based homebuilder American Classic Homes, has unveiled two new projects in Seattle’s University District and Capitol Hill neighborhoods. “As Seattle’s housing market continues to expand, it’s important to provide a range of housing options,” SeaLevel Properties director John Shaw said. “Our new U-District project provides smaller spaces — at lower prices — which are popular with students who want to live a clutter-free lifestyle.”
Read the full article here
SeaLevel Properties Announces New Multi-Family Housing Projects in Seattle’s University District and Capitol Hill
64-Unit, 20,000 SF University District Project Slated to Break Ground Mid-2017; 59-Unit 32,000 SF Capitol Hill Apartment Building Slated to Break Ground by Year-End
Seattle, WA – January 30, 2017 — SeaLevel Properties, the multifamily division of Pacific Northwest-based homebuilder American Classic Homes, today announced two new projects in Seattle’s University District and Capitol Hill neighborhoods.
Built on tradition and rooted in the Pacific Northwest, the locally-focused, family-owned builder led by Directors John Shaw and Kyle Weeks focuses on multi-family development, and a deep commitment to furthering thoughtful development with community in mind.
University District Project Targets Students
Located at 4536 20th Ave NE, the new 20,000 sq. ft. University District project is slated to break ground in mid-2017, and will feature five stories with 64 studio units averaging approximately 225 sq. ft.
“As Seattle’s housing market continues to expand, it’s important to provide a range of housing options. Our new U-District project provides smaller spaces—at lower prices—which are popular with students who want to live a simple, clutter-free lifestyle,” said SeaLevel Properties Director John Shaw.
Featuring bike storage and a community courtyard, the building will be constructed to eco-friendly Built Green™ standards, and units will be available for leasing in late 2018 with rents averaging $1,100 per unit.
East Union Site to Energize One of Last Available Sites in Pike/Pine Corridor
Located at 953 East Union in the heart of the Pike/Pine Corridor, along what was once called ‘auto row’ in Seattle’s Capitol Hill neighborhood, the SeaLevel Properties team will break ground on a new 59-unit, 32,000 sq. ft. apartment building by early 2018. The building is slated to open in 2019.
Featuring seven stories and a 3,000 sq. ft. ground-level restaurant space, the project will include studio and one-bedroom units. In accordance with City building code, the building will not include on-site parking, but will feature bike storage on each residential floor, and a roof top deck with views of both the Space Needle and Mt. Rainer.
Additionally, the project is situated along a ‘green street’ on 10th Ave. —giving priority to pedestrian circulation and walkability.
“We’re really excited about this location and our first project in Capitol Hill,” said Shaw. “This will be a high-quality project that reflects the neighborhood’s priorities. As such, we are seeking a restaurant for the ground-level retail to further activate the green street and add to the wonderful experience of living in Capital Hill.”
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With plans for seven stories next to Optimism Brewing, developer scores one of last available chunks on backside of Pike/Pine
E Union’s next mixed-use development above an old auto row property won’t bother with preservation.
American Classic Homes has purchased the old Complete Automotive garage in the 900 block of E Union for $1.8 million with plans to develop a seven-story, mixed-use apartment building on the site.
“This is our first Capitol Hill project and we’re excited about the location and being part of the neighborhood,” John Shaw of American Classic Homes said in a statement sent to CHS. “We’re starting to think about the design and how we’d approach the retail — our goal would be to add a restaurant at the ground-level, which will complement the existing mix of great local retail.”
The parcel is one of the last chunks of land available in this area on the backside of Pike/Pine that has seen a rapid wave of development creating giant preservation-incentive boosted projects and some smaller, but equally incredible investments in auto row-loyal overhauls that have created homes for the area’s burgeoning food and drink scene.
A spokesperson for American Classic Homes said it is too early to say what restaurant might be lined up for the more than 3,000 square feet of retail planned for the new building. The housing is being planned as a mix of 50 “micro units,” one bedroom, and studios. There will be no parking.
The 1,800 square-foot garage on the property at E Union at Broadway Ct dates to 1918, according to King County records. It had been owned by the same family since 1986. While demolition is the future of the old garage, across Broadway Ct, the Complete Automotive showroom now glistens as Capitol Hill’s Optimism Brewing. The 16,000 square-foot brewery opened in November 2015. CHS talked to Optimism ownership earlier this year about the $6.5 million purchase of the old auto row building and its preservation-friendly overhaul in the shadow of less faithful auto row reproductions powered by the Pike/Pine Conservation District incentives.
The planned project from American Classic Homes will have another example to its south of auto row preservation. The Central Agency building reopened in 2014 after a major restoration with longtime 12th Ave restaurant Lark moving in to anchor the development. Soon, the building will also be home to a new project from Heritage Distilling.
The 953 E Union project, meanwhile, won’t open for at least two years given the 18 months minimum usually required to complete design review and construction. By then, it will probably have a few more projects in motion nearby as these lost blocks between Pike/Pine and Seattle University fill in.
UPDATE 1/30/2017: The company has publicly announced the project as a SeaLevel Properties development saying the site will likely break ground in early 2018:
East Union Site to Energize One of Last Available Sites in Pike/Pine Corridor
Located at 953 East Union in the heart of the Pike/Pine Corridor, along what was once called ‘auto row’ in Seattle’s Capitol Hill neighborhood, the SeaLevel Properties team will break ground on a new 59-unit, 32,000 sq. ft. apartment building by early 2018. The building is slated to open in 2019.
Featuring seven stories and a 3,000 sq. ft. ground-level restaurant space, the project will include studio and one-bedroom units. In accordance with City building code, the building will not include on-site parking, but will feature bike storage on each residential floor, and a roof top deck with views of both the Space Needle and Mt. Rainer.
Additionally, the project is situated along a ‘green street’ on 10th Ave. —giving priority to pedestrian circulation and walkability.
“We’re really excited about this location and our first project in Capitol Hill,” said Shaw. “This will be a high-quality project that reflects the neighborhood’s priorities. As such, we are seeking a restaurant for the ground-level retail to further activate the green street and add to the wonderful experience of living in Capital Hill.”
SeaLevel Properties Announces New Multi-Family Housing Projects in Seattle’s University District and Capitol Hill
64-Unit, 20,000 SF University District Project Slated to Break Ground
Mid-2017; 59-Unit 32,000 SF Capitol Hill Apartment Building
Slated to Break Ground by Year-End
Seattle, WA – January 30, 2017 — SeaLevel Properties (www.sealevelproperties.com), the multifamily division of Pacific Northwest-based homebuilder American Classic Homes (www.americanclassichomes.com), today announced two new projects in Seattle’s University District and Capitol Hill neighborhoods.
Built on tradition and rooted in the Pacific Northwest, the locally-focused, family-owned builder led by Directors John Shaw and Kyle Weeks focuses on multi-family development, and a deep commitment to furthering thoughtful development with community in mind.
University District Project Targets Students
Located at 4536 20th Ave NE, the new 20,000 sq. ft. University District project is slated to break ground in mid-2017, and will feature five stories with 64 studio units averaging approximately 225 sq. ft.
“As Seattle’s housing market continues to expand, it’s important to provide a range of housing options. Our new U-District project provides smaller spaces—at lower prices—which are popular with students who want to live a simple, clutter-free lifestyle,” said SeaLevel Properties Director John Shaw.
Featuring bike storage and a community courtyard, the building will be constructed to eco-friendly Built Green™ standards, and units will be available for leasing in late 2018 with rents averaging $1,100 per unit.
East Union Site to Energize One of Last Available Sites in Pike/Pine Corridor
Located at 953 East Union in the heart of the Pike/Pine Corridor, along what was once called ‘auto row’ in Seattle’s Capitol Hill neighborhood, the SeaLevel Properties team will break ground on a new 59-unit, 32,000 sq. ft. apartment building by early 2018. The building is slated to open in 2019.
Featuring seven stories and a 3,000 sq. ft. ground-level restaurant space, the project will include studio and one-bedroom units. In accordance with City building code, the building will not include on-site parking, but will feature bike storage on each residential floor, and a roof top deck with views of both the Space Needle and Mt. Rainer.
Additionally, the project is situated along a ‘green street’ on 10th Ave. —giving priority to pedestrian circulation and walkability.
“We’re really excited about this location and our first project in Capitol Hill,” said Shaw. “This will be a high-quality project that reflects the neighborhood’s priorities. As such, we are seeking a restaurant for the ground-level retail to further activate the green street and add to the wonderful experience of living in Capital Hill.”
Continued Expansion Throughout Puget Sound
SeaLevel has several additional projects underway across the Puget Sound region, including 268 units on 5.44-acre in the first phase of Everett’s Waterfront Place Redevelopment. Delivering a collection of experiences that leverage the character and stories of the area, The Apartments at Fisherman’s Harbor will feature two distinct yet connected buildings reflected by three unique waterfront experiences: a marine/water-inspired experience, an industrial-inspired experience, and a timber-inspired experience.
SeaLevel also began construction on the SAMM Apartments at the Sammamish Town Center in January 2016, which will include 92 units and more than 15,000 square feet of ground-level retail. Additionally, the Vale Apartments, a five-story, 110-unit apartment building located in charming downtown Issaquah, will break ground in May of 2017.
About SeaLevel Properties. Based in the Seattle area, SeaLevel Properties is a local, Washington State, family-owned builder, focusing on multi-family development. Taking great pride in its reputation for superior quality, attention to detail, and thoughtful development with community in mind, SeaLevel maintains a collaborative approach on all projects. Originally founded as single-family homebuilder American Classic Homes in the 1990s, SeaLevel Properties entered the multi-family development market in early 2015, and has quickly developed a presence in the Puget Sound area with more than 800 units currently under development.
About American Classic Homes. Based in Mercer Island, Washington, American Classic Homes is a local, family-owned and award-winning new home builder, with communities across the greater Seattle area including Green Lake, Queen Anne, Kirkland, Renton, Sammamish, Bellevue and now Issaquah. American Classic Homes builds elegant, distinctive, and uniquely Pacific Northwest communities with company partners who are directly involved in every step of the home building process, ensuring satisfaction and adding to the personalized and award-winning customer service experience. www.americanclassichomes.com
Middle Market Digest: North West
Below is GlobeSt.com’s bi-weekly update on the middle markets throughout the North West region. Here’s a look at the latest news, announcements and deals that you may have missed from areas including: Alaska, Washington, Oregon, Idaho, and Northern California.
NEWS & NOTABLES
SEATTLE—American Classic Homes has expanded its real estate capabilities with the introduction of a new multifamily division: SeaLevel Properties. With a focus on building and acquiring multifamily and mixed-use developments in Seattle and the Puget Sound Region, the new division will be led by former ACH executives and experienced multifamily experts John Shaw and Kyle Weeks. Weeks previously worked at Vulcan Real Estate and Shaw at Mack Urban. Under their leadership, SeaLevel already has more than 800 new multifamily homes underway.
Read the complete article here.
American Classic Homes launches SeaLevel Properties multifamily division
American Classic Homes of Mercer Island said it is expanding with a new multifamily division called SeaLevel Properties.
The news this week comes on the heels of ACH’s decision to build around 250 apartments on Everett’s waterfront.
Former ACH executives John Shaw and Kyle Weeks lead SeaLevel, which builds and buys multifamily and mixed-use projects across the region.
SeaLevel has projects planned or under way in downtown Issaquah, Sammamish, Renton and on Seattle’s Capitol Hill. They total more than 800 units including the Everett project.
Read the complete article here.
On the Block: Mercer Island single-family homebuilder launches multifamily division: SeaLevel
When the Port of Everett recently announced the first phase of its 65-acre, $373 million Waterfront Place Central project, the developer of two planned four-story apartment buildings was identified as American Classic Homes.
American Classic Homes is a family-owned Mercer Island company, run by partners Michael Gladstein, Robert Gladstein and Joel Mezistrano, and now it has launched a new multifamily brand for the Everett project and others: SeaLevel Properties.
Along with the new name, SeaLevel has two relatively new executives: John Shaw and Kyle Weeks, who joined ACH in 2015 and 2016, respectively. ACH was then primarily known for building single-family suburban homes in Auburn, Bellevue, Bothell, Issaquah, Kirkland and Newcastle.
Established in 1999, ACH weathered the recession doing residential remodels, then began toeing the waters of multifamily in 2013. Avaya Trails, a 162-unit complex at 10930 S.E. 172nd St. in Renton, was its first completed project.
Read the complete article here.
American Classic Homes Expands Pacific Northwest Presence; Launches Multifamily Division: SeaLevel Properties
New Division to Build, Acquire Mixed-Use and Multifamily Developments Across Puget Sound in King, Snohomish and Pierce Counties
New Division Starts Strong With More Than 800 Units Underway in Issaquah, Sammamish, Everett and Seattle’s Capitol Hill Neighborhood
Seattle, WA – December 5, 2016 — American Classic Homes (www.americanclassichomes.com) (ACH), an award-winning Pacific Northwest-based homebuilder, today announced it has expanded its real estate capabilities with the introduction of a new multifamily division: SeaLevel Properties (www.sealevelproperties.com).
With a focus on building and acquiring multifamily and mixed-use developments in Seattle and the Puget Sound Region, the new division will be led by former ACH executives and experienced multifamily experts John Shaw and Kyle Weeks. Weeks previously worked at Vulcan Real Estate and Shaw at Mack Urban. Under their leadership, SeaLevel already has more than 800 new multifamily homes underway.
Read the full article here.
