OUR PROJECTS STAND OUT
Looking southwest, Stone is at left and 39th at right.
Demolition has been ongoing for several weeks now at 3831 Stone Way N., to remove about three old structures, but it wasn’t clear until recently that the anticipated apartment project would then proceed.
Exxel Pacific now looks to be setting up operations in earnest, on behalf of Prometheus Real Estate. They have a master use permit, secured last year, for a seven-story 230-unit building.
SeaLevel Properties is the local development partner, and it now calls the building Yonder. Privately held Prometheus is based in the Bay Area, and has been run by the Diller family since the 1960s.
The Seattle City Fund The Seattle City Fund recently added a multifamily investment through our partner SeaLevel Properties, giving the fund exposure to Olympic West Apartments, a 37-unit building. The investment uses a value-add approach focused on light renovations, rent adjustments, and a planned exit over time.
Prometheus Real Estate is planning a seven-story, 196-unit apartment building for what had until recently been the Harvey Family Funeral Home property in Fremont. Those vacant buildings were demolished in recent weeks by Exxel Pacific, which will build the new project at 508 N. 36th St., dubbed Frank.
Up in Everett, the ongoing 65-acre Waterfront Place redevelopment from the Port of Everett has lots of zones and names and parts and pieces. It thus far features a recent Hotel Indigo, various new eateries, Boxcar Park, the relocated former Weyerhaeuser Building (aka Weyerhaeuser Muse), small commercial buildings and a pair of fairly new midrise apartment buildings with 266 units. (Another 300-plus apartments are planned.)
LPC West, architect RIOS, SeaLevel Properties, Gracorp, Tiscareno Associates, Graham Construction, BCRA, Landau Associates, Faber Construction and Schuster Group are among the parties who’ve worked there over the past half dozen-plus years. MZA/JDA was the architect team and Ferguson Construction was the general contractor on Hotel Indigo.
The Harvey Family Funeral Home in Fremont will remain standing for at least a while longer, though the business closed at some point last year — then merged with Columbia Funeral Home. Prometheus Real Estate owns the corner development site at 508 N. 36th St., and the city issued it a master use permit last week for the planned apartments, now dubbed Frank.
Demolition is nearing for a quartet of increasingly vacant old buildings at 3831 Stone Way N. , where Prometheus Real Estate recently secured its master use permit for a new apartment project. Designed by MG2 and Jones Architecture, of Portland, the seven-story building will have 230 units, underground parking and a modest amount of retail space.
Prometheus Real Estate has two Fremont apartment projects nearing their master use permits, working with identical parties on both proposals, west and east. Prometheus owns both sites.
Working together, as they are on two Fremont apartment projects, Prometheus Real Estate Group and local shop SeaLevel Properties have everything they need to start work at 1013 E. Republican St.
The next design review for a 231-unit Fremont apartment project will tentatively be next month.
Prometheus Real Estate has two significant Fremont apartment projects, both on sites it already owns. The west site, smack in the heart of the neighborhood center, will replace the old Harvey Family Funeral Home, at 508 N. 36th St.
