Sale Price: $15,800,000
For more information about this property, please contact the listing broker.
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Studio 7 offered significant management upside and had the potential for modernization and updates to the unit interiors. With a thoughtful and hygienic building layout featuring exterior-loaded units, it provided a desirable living experience for tenants. It was ideally located in the U-District near the convenience of light rail and the bustling UW campus.
LocationOpen Google Maps
The University District is experiencing a renaissance. The University of Washington’s exponential growth over the past decade — particularly in the engineering, computer science, and life sciences fields — attracts top minds to the University and to the area.
The neighborhood is reaping the benefits of the University’s growth. Recently approved upzoning will increase density in the area, while a new light rail station will cut commutes in half. The U-District has long been a beloved spot for students in search of books, coffee, and food, and in the next few years it will evolve into the city’s next tech hot spot.
The University Innovation Ecosystem
Companies gravitate towards top-tier university locations to benefit from the collective talent pool. This creates an ecosystem of connection and collaboration between burgeoning brainpower and economic strength. Seattle’s University District is an innovation ecosystem that is ripe for growth. Located at University of Washington’s doorstep, Studio 7 is perfectly poised to take full advantage of the ecosystem.
The Future of the University District
The University of Washington’s approved 2019 Master Plan calls for 6,000,000 SF of new development over the next 10 years to support the university and the neighborhood’s exponential growth as it blossoms into an innovation district. The UW is committed to creating an inclusive innovation district within its campus that shall give students the hands-on experiences and tools they need to succeed and shall reinforce the UW as a major innovation and economic hub in the region and a top-tier place for learning and professional growth.
The New Technology Hub
Major companies are invested in the growth & future of the University of Washington and the University District.
MOST INNOVATIVE U.S. PUBLIC UNIVERSITY
U.S. PUBLIC INSTITUTIONS
GLOBAL UNIVERSITY RANKING
TOTAL STUDENT ENROLLMENT 2020
STUDENTS LIVE IN OFF-CAMPUS HOUSING
OF ENROLLED STUDENTS ARE OUT-OF-STATE & INTL
PREDICTED UW POPULATION BY 2028
GENERATED BY UW IN FY 2018 & SUPPORTED +100K JOBS