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