Guest Post: RENTcafé guest post by Georgiana Mihalia
With 26 multi-family developments of 50+ rental units completed within the past year, Seattle has seen a total of 4,279 new apartments delivered to market in 2015 by this segment, 2,561 of which (60% to be more precise) part of the 10 biggest projects completed in 2015.
However impressive that may seem, the numbers are dwarfed by those recorded in 2014, when 43 residential developments of 50 rental units or more were completed – adding an impressive total of 6,384 apartments to the local inventory; that means that there were 39% less apartments delivered to market (in this segment) in 2015 compared to the previous year.
What 2015 brought extra: a suite of green developments, with the projects competing among themselves in energy efficient features and environmentally friendly additions — not to mention LEED designations.
To track down the biggest rental developments, we turned to Yardi Matrix that shows the Premiere on Pine to be the largest rental development new-to-market in 2015, with 386 apartments for rent. To see the runners up, here’s a breakdown of the 10 biggest Seattle rental developments completed in 2015:
Address: 1525 9 Avenue, Seattle, WA 98101
Rental types: 2 studios, 262 one-bedroom apartments, 80 two-bedroom apartments, 42 penthouse apartments
Property size: 313,431 sq.ft., 42 Story – includes parking and retail
Short description: Green Building – LEED – Certified Silver. Located in the center of Seattle. View over Downtown Seattle, Lake Union, Puget Sound. Fitness and business center. Clubhouse and private balcony/patio in select units.
Photo credits: Premiere on Pine Official Website
Address: 2030 8th Avenue Seattle, WA 98121
Rental types: 20 studios, 256 one-bedroom apartments, 76 two-bedroom apartments, 4 three-bedroom apartments
Property size: 41 Story – Includes Parking and Retail
Short description: Green Building – LEED – Proposed Certified Silver. South Lake Union’s only high-rise apartments. Living areas and bedrooms are equipped with nearly floor-to-ceiling windows for expansive views.
Photo credits: Cirrus Facebook page
Address: 800 Seneca Street, Seattle, WA 98101
Rental types: 30 studios, 203 one-bedroom apartments, 86 two-bedroom apartments, 16 penthouse apartments
Property size: 254,203 sq.ft., 31 Story – first floor includes retail
Short description: Green Building – LEED – Certified Silver. Located in the heart of Seattle, in walking distance from everything that Downtown Seattle has to offer. View over Downtown Seattle and Puget Sound. Private balcony and patio available for select units and rooftop terrace.
Photo credits: Cielo Official Website
Address: 5398 Russell Avenue NW, Seattle, WA 98107
Rental types: 5 studios, 16 live-work units, 239 one-bedroom apartments, 41 two-bedroom apartments
Property size: 197,390 sq.ft., 6 & 7 story
Short description: Located in Ballard, one of the most desirable neighborhoods in Seattle. View over Olympic Mountains. Private balcony/patio available in select units. Controlled access, fitness center, clubhouse and pet grooming room. Hardwood floors and high speed internet access.
Photo credits: Odin Official Website
Address: 1260 Republican Street, Seattle, WA 98109
Rental types: 9 studios, 236 one-bedroom apartments, 48 two-bedroom apartments
Property size: 213,754 sq.ft., 7 story – first floor includes retail
Short description: Green Building – LEED – Certified Silver. Sky deck with green roof, fire pit with a view of Downtown Seattle and Lake Union. Controlled access, fitness center, a clubhouse and business center. Great location with easy access to public transportation.
Photo credits: AMLI South Lake Union Official Website
Address: 1414 10 Avenue, Seattle, WA 98122
Rental types: 12 studios, 172 one-bedroom apartments, 64 two-bedroom apartments
Property size: 183,531 sq.ft., Two, five and eight story – first floor includes retail
Short description: Green Building – LEED – Certified Silver. View over Downtown Seattle and Mt. Rainier. Located in the heart of Capitol Hill and surrounded by restaurants, entertainment & shopping. Rooftop entertainment deck with outdoor fireplace with a view of Downtown Seattle and Mt. Rainier. Courtyard with a fireplace. Controlled access, clubhouse, fitness center and covered parking. Pet friendly.
Photo credits: Broadstone Infinity Official Website
Address: 4555 39 Avenue, Seattle, WA 98116
Rental types: 1 guest room, 12 studios, 116 one-bedroom apartments, 87 two-bedroom apartments
Property size: 150,294 sq.ft., Five and six story – first floor includes retail
Short description: Big-city living while still enjoying the calm, charm and intimacy of a small neighborhood. View over Cascade Mountain and Downtown Seattle. Controlled access, fitness center, clubhouse. Select units are reserved for low income housing.
Photo credits: Spruce Official Website
Address: 315 1 Avenue, Seattle, WA 98109
Rental types: 40 studios, 141 one-bedroom apartments, 30 two-bedroom apartments
Property size: 145,010 sq.ft., Six story – first floor includes retail
Short description: Unique studio, one, or two bedroom apartment homes with exclusive amenities. Rooftop terrace with a green roof, fire pit, modernized fitness center, clubhouse, and rooftop dog park. View over Downtown Seattle, Mt. Rainier, Olympic Mountains and Puget Sound. Controlled access, fitness center, clubhouse and covered parking.
Photo credits: Astro Official Website
Address: 900 NE 65 Street, Seattle, WA 98115
Rental types: 1 guest room, 32 studios, 140 one-bedroom apartments, 48 two-bedroom apartments
Property size: 131,373 sq.ft., Seven story – first floor includes retail
Short description: Home to Portage Bay Cafe, one of Seattle’s favorite local eateries. Controlled access, fitness center, clubhouse and covered parking. Expansive rooftop deck with fire pit, BBQ, dining areas and outdoor lounge. View over Mt. Rainier. Pet friendly community with dog wash on the roof. Includes units that are reserved for low income housing.
Photo credits: Rooster Official Website
Address: 4557 11 Avenue , Seattle, WA 98105
Rental types: 118 one-bedroom apartments, 66 two-bedroom apartments
Property size: 151,924 sq.ft., Four, seven and eight story – first floor includes retail
Short description: Rooftop terrace with green roof. Controlled access, fitness center, clubhouse and covered parking. Energy efficient appliances. Private balcony/patio available for select units.
Photo credits: bridges@11th Official Website
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