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Heartwood
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Site Details
Unit Mix
Opportunity
The Heartwood Apartments at 1323 E Union St, Seattle, presents a rare opportunity to own a trophy multifamily asset in the heart of Capitol Hill, one of Seattle’s most vibrant and sought-after neighborhoods. Completed in 2023, this 126-unit, 8-story building is a pioneer in sustainable design, utilizing hybrid mass timber and steel construction—the first project of its kind under the U.S. Type IV-C timber codes.
With its high-end finishes, operational upside, and environmentally forward design, Heartwood is engineered to last over a century while maintaining a 38% lower carbon footprint than conventional buildings.
Strategic Market Positioning
Capitol Hill is experiencing a 77% reduction in new multifamily deliveries over the coming years, creating a favorable supply-demand dynamic for rent growth. With its superior location and sustainability-driven design, Heartwood Apartments is positioned for long-term success.
Location
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About the Area
Capitol Hill is one of Seattle’s most dynamic and desirable neighborhoods, offering residents a vibrant, urban lifestyle with unmatched access to top employers, entertainment, and cultural landmarks.
Unmatched Location & Connectivity:
- Just minutes from Downtown Seattle and South Lake Union, home to major employers like Amazon, Google, and Facebook
- A Walk Score of 99, with grocery stores, coffee shops, and restaurants within steps of the property
- Seamless transit options, including light rail, buses, and bike-friendly streets, ensuring convenient commutes throughout the city
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