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06.18.18

SeaLevel Properties, Port of Everett Finalize 5.44-Acre Sale in Much Anticipated Waterfront Place Development Project

PortOfEverett.com

SeaLevel Properties (www.sealevelproperties.com) and the Port of Everett closed their deal for a 5.44 acre site within the Port’s Waterfront Place Central mixed-use development to make way for new waterfront apartment homes (www.EverettWaterfrontApartments.com). Construction is expected to begin later this year.

Located at 1300 W. Marine View Drive in the Port’s 65-acre Waterfront Place Central project, the 266-unit housing project will feature a mix of studio-, one-, two- and three-bedroom homes ranging from 750 sq. ft. to 1,400 sq. ft. in two distinct, yet connected 4-story buildings.

“We’re thrilled to acquire this prime development site within Everett’s Waterfront Place redevelopment,” said SeaLevel Properties Director John Shaw. “We anticipate strong demand for these homes and look forward to setting a high bar for residential design in Fisherman’s Harbor and Waterfront Place.”

“This is a historic transaction for the Port of Everett,” Port of Everett Acting CEO Lisa Lefeber said. “This property sale allows housing on the waterfront for the first time in Everett’s history, and creates the population necessary to support a vibrant Waterfront Place project. I want to thank Sealevel for believing in the vision of Fisherman’s Harbor and the Port of Everett staff for pulling this complicated transaction together.”

With completion slated for 2020, SeaLevel’s apartment homes at Fisherman’s Harbor are designed to reflect three unique waterfront experiences: a marine/water-inspired experience, an industrial-inspired experience, and a timber-inspired experience.

The design includes a combination of contemporary urban design and rugged urban materials that pay tribute to the natural resources of timber, steel and water on the Puget Sound. The project will also maximize the Port’s infrastructure features and pedestrian patterns, with lobbies to activate streets and a lively and attractive public realm.

The Port continues its $85 million public infrastructure investment this year by building additional roadway access, constructing new public spaces to connect with the new Pacific Rim Plaza and Splash Fountain, and building new marine infrastructure at Fisherman’s Harbor, including a new guest dock that doubles as a public dock walk.

At full build out, the Waterfront Place Central mixed-use development will include  new trails and regional parks together with public gathering spaces, up to 660 housing units, Hotel Indigo, a business and lifestyle waterfront hotel, fine and casual dining restaurants and commercial, retail and marine sales and services. The project includes five (5) districts: Fisherman’s Harbor, the Millwright District, the Esplanade District, Wharf’s Edge and the Craftsman District. The Craftsman District was completed as part of the Port’s development of a boatyard in 2009, and Fisherman’s Harbor is the first phase of the mixed-use project to proceed. The entire project will support more than 2,000 jobs and $8.6 million in new tax revenue to state and local governments. Hotel Indigo, a 142-room business and lifestyle hotel broke ground in March and has gone vertical in the last weeks. They expect to be open mid-2019 and will feature full amenities, a 150-seat restaurant and a 5,000-sq. ft. conference and event space.

Media Contact for SeaLevel
Natalie Quick
206-779-0489 or natalie@nataliequick.com

Media Contact for Port of Everett
Catherine Soper
425-388-0680 or catherines@portofeverett.com

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About SeaLevel Properties. SeaLevel Properties is a local, 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. SeaLevel Properties entered the multi-family development market in early 2016, and has quickly developed a presence in the Puget Sound area with more than 600 units currently under development. http://sealevelproperties.com. As a locally-focused firm led by local real estate experts John Shaw and Kyle Weeks, SeaLevel Properties officially launched in 2016 and has multiple multi-family projects under development throughout the Puget Sound region. Recently, SeaLevel Properties broke ground on a five-story, 64-unit, 20,000 sq. ft. project targeting students in the University District. The Vale Apartments, a five-story, 110-unit apartment building located in charming downtown Issaquah, broke ground in August 2017. SeaLevel Properties is also constructing a 59-unit, 32,000 sq. ft. apartment building located in the heart of the Pike/Pike Corridor in Seattle’s Capitol Hill neighborhood, which will break ground in late 2018. SeaLevel Properties’ SAMM Apartments (www.LiveAtSAMM.com), a new 132,000 sq. ft. multi-family building located within the Sammamish Town Center in Sammamish, Wash. is also more than 95 percent leased since opening in mid-August 2017.

About the Port of Everett
The Port of Everett is a special purpose district tasked with economic development. Through operation of international shipping terminals, the largest public marina on the West Coast and real estate development ventures, the Port of Everett supports more than 35,000 jobs in the region and contributes $373 million to state and local taxes. The Port is also a committed steward of the environment and provides ample waterfront public access. The year 2018 marks the Port of Everett’s centennial year. As the Port reflects on its first 100 years, it’s also making major investments to prepare for the future. The Port is moving forward with key Strategic Capital Initiatives that will shape its next 100 years including modernizing its Seaport facilities to prepare for the next generation of cargo with its $36 million South Terminal Modernization project – the largest maritime construction project on the West Coast today. The Port is also creating a new waterfront community where people can live, work and play with its 65-acre mixed-use Waterfront Place Central Development. Additionally, the Port is investing in its marine infrastructure to support the Marina of the future, and is in final phases of developing its Riverside Business Park into a light industrial manufacturing hub.

 

Source: http://www.portofeverett.com/Home/Components/News/News/3584/263

02.02.17

SeaLevel Launch Party

FX McRory's

SeaLevel Properties celebrated with friends and colleagues at their official launch party last Tuesday at FX McRory’s in Seattle. Thank you to everyone who came!

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01.31.17

SeaLevel Plans Two New Properties, Including One Featuring Small Units

Biznow.com

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

01.31.17

SeaLevel Properties Announces New Multi-Family Housing Projects in Seattle’s University District and Capitol Hill

The Registry

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.”

View full article here

01.30.17

With plans for seven stories next to Optimism Brewing, developer scores one of last available chunks on backside of Pike/Pine

Capitol Hill Seattle Blog

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.”

01.30.17

SeaLevel Properties Announces New Multi-Family Housing Projects in Seattle’s University District and Capitol Hill

Seattle, WA

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

12.13.16

Middle Market Digest: North West

GlobeSt.com

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.

12.12.16

American Classic Homes launches SeaLevel Properties multifamily division

Puget Sound Business Journal

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.

12.08.16

On the Block: Mercer Island single-family homebuilder launches multifamily division: SeaLevel

Seattle Daily Journal of Commerce

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.

12.06.16

American Classic Homes Expands Pacific Northwest Presence; Launches Multifamily Division: SeaLevel Properties

The Registry

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.

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