Sign up to receive our listings
Let’s talk about apartments
Listings/Kanepē Development Site
Kanepē Development Site
On The Market
Price: Market
Offers Date: To be Announced
Access marketing materials by using the button below.
Executive Summary
The Simon | Anderson Multifamily Team has been exclusively retained by the Sponsor to market a prime opportunity to participate in the development of 904–926 NW Market Street, a six-story, mixed-use multifamily project located in the heart of Seattle’s Ballard neighborhood (the “Project” or “Property”). The Sponsor is seeking co-GP to capitalize the Project, which is fully entitled (pending MHA payment), with construction targeted to commence in Q1 or Q2 2026.
The Property is situated along Market Street, one of Ballard’s key commercial corridors, and lies within the Ballard Hub Urban Village—an area consistently ranking as one of Seattle’s top destinations for urban living. This vibrant location offers walkable access to restaurants, breweries, boutique retail, and waterfront parks, while future transit connectivity via the Ballard Link Light Rail, two blocks away, will further enhance long-term value. It is also situated right next to Gilman Playground just one block away. It includes ballfields, tennis courts, wading pool, and play areas. The Ballard submarket has demonstrated enduring renter demand and resilience, with average vacancy rates of just 5% since 2019.
This is a rare opportunity to participate in the delivery of a standout multifamily asset in a premier urban infill location—led by an experienced local development team focused on delivering timeless, sustainable housing solutions tailored to Seattle’s evolving rental demand.
Site Summary
Unit Summary
Livability and Sustainability
Kanepē invites residents and neighbors to enjoy strolling along treelined sidewalks under a canopy of beautiful, mature oak trees. Or enjoy a few moments of fresh air and birdsong in one of the several outside light courts. Ways to make intentional connections with nature are at the heart of this project’s design.
LIVABILITY AND SUSTAINABILITY
Kanepē is uniquely designed to promote natural interior light, as well as internal and external temperature regulation by making the existing, mature oak trees, as well as a 75’ Douglas Fir integral to its architecture. Additionally, Kanepē will be among the first buildings in Ballard to be built under Seattle’s new energy code, providing residents with the most efficient and comfortable heating, cooling and lighting systems. Within the new code, we’ll employ heat recovery ventilation systems with air filtering for improved air quality throughout the building, provide in unit heating and cooling using a localized heat pump system, capture solar energy to reduce pull from the city grid, and include LED lighting with remote controls that better utilize natural light.
ENVIRONMENTALLY RESPONSIBLE
Along with energy efficiency, FA Johnson Development, according to its primary tenets, is developing Kanepē with the utmost consideration for environmental impact – from the sourcing of quality and environmentally healthy materials, to taking every opportunity to reuse and recycle in the project construction phase. And finally, keen attention is given to floor plans of all residential, commercial and community spaces to ensure maximum space, ease of traffic flow, and quality interior design – all for better living, responsibly.
Location
Open Google Maps
Kanepē Development Site
904 NW Market Street
Seattle, WA 98107
Units: 171 (Massing)
Price: Market Pricing
Location Overview
Originally a quiet fishing community located just 15 minutes from Downtown Seattle, Ballard is now one of Seattle’s most active neighborhoods, overflowing with shopping, restaurants, cafes, bars, music venues, and more breweries than any other Seattle neighborhood.
3 Minute Walk
Grocery Stores & Shopping
8 Minute Walk
Downtown Ballard Bars & Restaurants
3 Minute Drive
Swedish Medical Center Ballard Campus
6 Minute Drive
Fremont
10 Minute Drive
Green Lake
11 Minute Drive
University of Washington
15 Minute Drive
Downtown Seattle
Contact Us
Exclusive Listing Brokers
