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.
Everett Waterfront Place Apartments
“We are very saddened to learn of the fire that occurred at our Waterfront Place Apartments development in Everett. We are incredibly thankful for the firefighters who battled the blaze. We will fully cooperate with all relevant authorities to determine the cause of the fire.”
– SeaLevel Properties
Eight-story apartment building set to rise across from Broadway Hill Park
Capitol Hill has seen eight-story apartment buildings spring up before but a planned development kitty corner to Broadway Hill Park will need a little extra push to rise on the edges of the dense Broadway corridor where the blocks remain a mix of larger old apartment buildings, duplexes, and single family homes.
Thursday, developers from Sealevel Properties will hold a community outreach meeting at the Century Ballroom to talk with neighbors about their plans for the eight-story apartment building with 150 or so units, and three parking spots planned to rise at the corner of Federal and Republican:
Grouparchictect will be handling the design on the project. Sealevel is also the developer behind the Union Street Apartments, a seven-story, mixed-use apartment building designed to “echo” Pike/Pine’s auto row era under construction across from Optimism Brewing.
Thursday’s meeting is not the start of formal design review for the project. That remains unscheduled but the project outreach is part of the city’s new procedures hoped to give neighbors and the community an opportunity to shape projects earlier in the development process. The new outreach meetings come at a time when overall development across the Hill has slowed down. Attendance at the sessions, which are organized by the developer, not the city, has typically been on the light side of things. Thursday’s session was promoted by utility pole flyers in the area of the planned development.
Sealevel’s plans call for the new “workforce” housing project to be 155 units in a mix of microhousing and full apartments. The corner falls within an area upzoned from seven to eight story heights as part of Seattle’s Mandatory Housing Affordability laws. Affordable housing requirements apply to developments in this zone meaning Sealevel will either have to set aside a percentage of the units as affordable housing, or pay into a fund that the city will use to build some.
Adding to the appeal of the area — and, likely, the challenges for the developer — the planned building will rise across the intersection from Broadway Hill Park. The rare new city park on Capitol Hill opened at the corner in 2016. Seattle Parks acquired the land at the northeast corner for Federal and Republican in 2010 for $2 million after a townhome project slated for the property fell through.
The northeast corner properties and the old houses on them are in the process of being purchased by the developer. They include two 1904-built single-story houses, and a 1908 house currently used as a duplex.
Meanwhile, the planned eight-story addition to the neighborhood won’t be the only large mixed-use building near the park. The three-story Wakefield Manor has stood on the southeast corner of Federal and Republican since 1958. The neighbors in its 18 units can look forward to an even denser neighborhood when the new development is completed, likely in 2021 at the earliest.
See the full article for more details.
A long time coming: Ground broken for port’s first apartments
Ground broken for port’s first apartments
The 266-unit Waterfront Place Apartments took another step toward reality on Wednesday.
EVERETT — Bob and Vicki Temple want to be among the first people to call the Everett waterfront home.
On Wednesday, they witnessed developers, port officials and city leaders dig shovels into a pile of dirt for the ceremonial groundbreaking of the 266-unit Waterfront Place Apartments.
SeaLevel Properties Director John Shaw said a “new era” was coming to the port.
For those gathered, the event served as a visual cue: After two decades of planning and talking and unexpected challenges, the port’s first housing project is becoming a reality.
In fact, construction workers have been working on the 5.44 acre patch of land since mid-September.
“I know many people had doubts we’d ever be here,” said port CEO Lisa Lefeber. “We’re here today. It’s happening.”
SeaLevel Properties, a division of Mercer Island-based American Classic Homes, purchased the property at 1300 West Marine View Drive last year for $7 million. The two-building complex will include studio and one-to-three-bedroom units.
The apartments are part of the port’s 65-acre Waterfront Place Central redevelopment project that includes shops, restaurants, walking trails and the 142-room Hotel Indigo, which opened earlier this fall.
Port officials expect the redevelopment to create 2,100 jobs and generate $8.6 million each year in state and local sales taxes.
It’s a change of direction for a waterfront known more for industry than tourism and public amenities.
“We’re standing in the epicenter of what was Everett’s milltown and industrial core,” said Port Commissioner Glen Bachman. “… It’s now become the hub of revitalization for all of Everett.”
The Temples said they want to nab a one-bedroom apartment at Waterfront Place Apartments. They’ve been talking about downsizing from their Silver Lake house for a couple of years now.
“We just want to have a place that’s beautiful and that we enjoy,” Vicki Temple said.
Bob Temple said he looks forward to waking up to the sea and the mountains every morning. He grew up in a similar setting, he said, at his parents’ house in Richmond Beach.
“Something draws you in,” he said.
Waterfront Place Apartments is set to open in the spring of 2021.
144 units eyed near Capitol Hill Station
About three blocks north of Capitol Hill Station is a potential redevelopment site at 1013 E. Republican St. It comprises three separately owned parcels, and isn’t publicly listed for sale.
Now, prospective buyer SeaLevel Properties has filed a plan for a new eight-story, 144-unit apartment building with no parking. Read more at: https://www.djc.com/news/re/12126472.html
First residential project on Everett waterfront breaks ground
SeaLevel Properties + GRACORP – Present the 4th Annual Sail-In Cinema Waterfront Movie Series in Everett
In one of the more unique outdoor settings Sail In Cinema lets boaters tie up and enjoy a movie. The season kicks off this Friday night. Don’t worry there’s plenty of access for landlubbers too. Here’s more from the Port of Everett.
The Port of Everett Marina and Signature Sponsors – SeaLevel Properties + GRACORP – present the 4th Annual Sail-in Cinema waterfront movie series Friday nights July 19 thru August 23 featuring free, family-friendly movies and fun at Boxcar Park.
The movie Battleship kick offs the series on July 19 in honor of the Port’s partnership with Naval Station Everett and the greater naval, coast guard and military communities.
Returning to Sail-in this year – the 40-foot inflatable screen to provide the best viewing experience.
Here’s the 2019 Sail-in Cinema lineup:
Click here for printer-friendly Sail-in flier.
The Port of Everett’s Sail-in Cinema is the only waterfront movie series in Snohomish County where guests can “sail-in” to watch aboard their boats or pack in blankets and chairs to view by land.
Head down early to grab your favorite spot. The fun begins an hour before showtime at Boxcar Park with music, yard games, free fresh-popped popcorn, concessions for sale and a 21+ beer garden hosted by the Mukilteo Chamber of Commerce(cash only).
A special thanks to all our Sail-in Cinema sponsors whose funding allow us to put on such a great community program. Signature Sponsors – SeaLevel Properties + GRACORP, Anthony’s Homeport, Anthony’s Woodfire Grill, GeoEngineers, PND Engineers,Scuttlebutt Brewing Co and Coastal Community Bank.
Interested in sponsorship or on-screen advertising opportunities? Contact email@example.com.
KNOW BEFORE YOU GO:
- Dress in layers and pack a blanket! It gets chilly on the waterfront at night
- To ensure best viewing for all guests, please use blankets or low-back chairs for seating
- Guest moorage is available on a first come, first served basis at Port of Everett’s North Guest Docks 6 & 7; a radio frequency is provided so boaters can tune in
- In the event of inclement weather, the movie may be cancelled; cancellations will be posted on the Port of Everett website, Facebook and Twitter.
Vale Apartments | Issaquah Bridges Gap of City Proximity and Mountain Retreat
Issaquah Bridges Gap of City Proximity and Mountain Retreat
Vale Apartments, the 108,000-square-foot 110-unit downtown apartment building features a mix of open one-bedroom, one-bedroom and two-bedroom units, along with ground-floor loft units
ISSAQUAH, WA—With more renters clamoring for housing in all parts of the Puget Sound, one project comes along at the right time. SeaLevel Properties recently launched Vale Apartments, a five-story multifamily boutique project. Located at 995 7th Ave. NW in downtown, the 108,000-square-foot 110-unit building features a mix of open one-bedroom, one-bedroom and two-bedroom units, along with ground-floor loft units.
Read more at: https://lnkd.in/gGHdExk
Office Leasing Unleashes More Multifamily Units
Office Leasing Unleashes More Multifamily Units
Estimating that every five new jobs creates demand for one new apartment unit, the region will require more than 40,000 new apartment units to maintain equilibrium with job creation and in-migration.
Union Street Apartments is a 60-unit mixed-use building in the Capitol Hill neighborhood
SEATTLE—Based on current office leasing activity in Seattle and Bellevue alone, a projected 200,000 professional and support jobs will be created in the next several years. Estimating that every five new jobs creates demand for one new apartment unit, the region will require more than 40,000 new apartment units to maintain equilibrium with job creation and in-migration, according to a first quarter multifamily report by Colliers International. Employment fundamentals indicate that the Puget Sound is well positioned to absorb the 33,000 apartment units currently under construction and the pipeline of future development beyond that.
Another multifamily project bears that out. Construction is underway at the Union Street Apartments, a new 60-unit mixed-use residential building in the Capitol Hill neighborhood. The building is located at 953 E. Union St., blocks from the Capitol Hill light rail station.
The finished product is to feature a mix of one-bedroom and small efficiency dwelling units along with more than 4,400 square feet of commercial space. The project is slated for completion in summer 2020, according to developer SeaLevel Properties.
“As SeaLevel’s first project on Seattle’s Capitol Hill, we’re really excited to be moving forward on this project,” John Shaw, SeaLevel Properties director, tells GlobeSt.com. “Capitol Hill is a thriving neighborhood, and Union Street Apartments is designed to provide a great mix of commercial and residential uses that will be a great complement to this vibrant community.”
Focused around a classic-meets-modern design, the Union Street Apartments will evoke an early 1900s sophistication through its all brick-exterior, lobby and rooftop deck with views of the Cascades and Space Needle.
The two commercial spaces feature 13-foot ceilings and windows optimizing natural light. The corner retail unit consists of 1,993 square feet, an outdoor dining area and visibility from three streets (Union, 10th Avenue and Broadway Court). The second space has 2,437 square feet, which includes both a ground level and attached lower level space. The two can also be combined for a total of 4,430 square feet.
Primary project team members joining SeaLevel include STS Construction Services (general contractor) and Grouparchitect (architect).
In addition to the Union Street Apartments, SeaLevel has numerous projects underway or completed in Seattle and the surrounding region, including the new two building 266-unit Everett Waterfront Apartments in the Port of Everett’s 65-acre Waterfront Place Development, the 14-unit UW 19th Townhomes, five-unit UW 18th Townhomes and the 64-unit U20 Apartments (University District), the 110-unit at Vale Apartments (Issaquah), and 92 units at SAMM Apartments (Sammamish).
For the past nine years, the region experienced a staggering 30% increase in apartment inventory, with 62% of those new apartment units delivering in urban King County alone, according to the Colliers report. This amount of new supply was necessary to keep up with record-setting job growth driven by the tech sector.
Despite the heavy concentration of new developments in urban King County, developers are finding opportunities in suburban nodes and along transit lines, both existing and future. Within high-demand neighborhoods such as Ballard and Fremont/Wallingford, future developments are migrating north along key corridors. Previously overlooked neighborhoods are also gaining favor, including the Central District, which now boasts a larger apartment development pipeline than Capitol Hill, says the report.
SeaLevel Properties Launches Vale Apartments, New Five Story Multifamily Building in Issaquah, Wash.
SeaLevel Properties Launches Vale Apartments, New Five Story Multifamily Building in Issaquah, Wash.
110-Unit, 108,000 Sq. Ft. Downtown Issaquah Apartment Building Already 60 Percent Leased
SeaLevel Properties (www.sealevelproperties.com) a local multifamily developer, today announced the launch of the Vale Apartments (www.liveatvale.com), a new five-story boutique multifamily residential building in Issaquah, Wash..
Located at 995 7th Ave NW in the heart of downtown Issaquah, the new 108,000 sq. ft., 110-unit residential apartment building features a mix of open one-bedroom, one-bedroom and two-bedroom units, along with ground-floor loft units. Pre-leasing began earlier this year and since the building’s soft opening in May, the Vale has leased more than 60 percent of its available units.
“We’re thrilled to celebrate the completion of our newest project in the vibrant and welcoming community of Issaquah,” said SeaLevel Properties Director John Shaw. “Our vision at Vale was to create a quality, boutique building that would enhance the city’s vision for future generations—and we couldn’t be more pleased with the result.”
“I was born and raised in this city—along with my partner Kyle, who serves as SeaLevel’s Director of Multifamily Development—and I still live here in Issaquah with my family,” continued Shaw. “We’re beyond excited to provide a livable new project within our hometown that we can share both with the current and future residents, as well as show off to our kids.”
Numerous High-End Amenities
The Vale Apartments offer numerous high-end amenities to residents—from stainless-steel kitchen appliances including refrigerators with ice makers and large under-mount sinks with retractable faucets to quartz bathroom and kitchen countertops, with full contemporary backsplashes, and in-home washers and dryers.
All units also include convenient keyless entry, pendant lighting and modern fixtures, and carpeted bedrooms; additionally, private balconies, walk-in closets, air conditioning and eat-in kitchen breakfast bars are also available in select units within the building.
Community amenities at Vale also abound—including two rooftop decks featuring an outdoor barbeque, community pea patch and outdoor fire place; an expansive indoor lounge featuring a full gourmet kitchen; an elegant lobby with fireplace; a large bike room with work station and a secure fitness center. Covered parking is also available to residents.
Vale Apartments features numerous eco-friendly elements and is designed to utilize 60 percent less energy than traditional apartment buildings. Tables and shelving in the building’s common areas were harvested from trees on the site, and grafts of 100-year old apple trees were expertly-saved to preserve their bloodlines.
Conveniently located within walking distance of numerous restaurants, retail shopping and Safeway grocery store, the Vale Apartments also affords commuters easy access to neighboring communities given its proximity to the intersection of Interstate 90 and State Route 900.
The building is also located on the Juniper Trail, a multi-use east-west trail connection from State Route 900 to Olde Town Issaquah, which is just a five-minute bike ride (or twelve-minute walk) to the Issaquah Park and Ride. Situated in the foothills of three mountains and at the base of Lake Sammamish, there are also numerous outdoor activities nearby.
Strong Project Team and Growing Company
Primary project team members on the Vale Apartments project include SeaLevel Properties (developer), Exxel Pacific (General Contractor), Grouparchitect (Architect) and Robin Chell Design (Interior Designer).