Sep 22, 2016
Lakeland Commons in Auburn.
Tarragon recently started two projects: 234 apartments in Frederickson and a 3.7-acre retail development in Auburn. The first phase of Sawyer Trail apartments is set for completion next summer, with 234 units in 11 buildings on a 25-acre site. Outdoor event space, pool deck, field house and fitness center, walking trails and playgrounds are included. No start date has been announced for the second phase, which will add 335 units. Here is the team: architect Milbrandt, structural engineer CT Engineering, civil engineer Barghausen Consulting Engineering and landscape architect Bradley Design Group.
This is the second phase of retail space at Lakeland Commons in Auburn. Three buildings will contain 17,400 square feet, plus there will be mini-storage in a separate three-story 100,000-square-foot building. Mackenzie is the architect, landscape architect and structural engineer. Apex is the civil engineer. No tenants have been announced. Justin Holmes and Josh Parnell of First Western Properties are the leasing agents.
On Wednesday, Oct. 12, ULI will host a panel discussion at MG2's office, 1101 Second Ave., on “District Energy: What's stopping us from sharing in the sharing economy?” Topics will include sharing energy, reducing carbon footprints, ground-source heat pumps, solar, sewer heat recovery, wind power and micro-hydro power. One local example is Mack Urban's Cyrene Apartments, which will get energy Enwave Seattle, formerly Seattle Steam. The ULI panel will be moderated by Dave Cook (Aspect Consulting) and Lavina Sadhwani (Seneca Group), with Seattle City Council member Mike O'Brien, John Gaines (Freehold), Jim Leask (GeoTility) and Sairia Rhodes (Van Ness Feldman). Details and registration at (206) 224-4500 or uli.org.
In a recent update for apartment investors, Dylan Simon of Colliers said the boom will keep going in Seattle thanks to the continuing growth in wages and jobs. Simon says: “Given the region's diversified and growing job sectors, high lifestyle desirability and room for economic expansion, job and wage growth will continue to keep the Seattle apartment market vibrant and growing for the foreseeable future.”
Sep 15, 2016
Kirkland's Weidner Apartment Homes said its multifamily property management arm completed a $21.5 million refinance deal for Colonial Square Apartments in Bellevue. The financing was arranged by the Denver office of NorthMarq Capital, one of Fannie Mae's Delegated Underwriting and Servicing (DUS) lenders. NorthMarq's Greg Benjamin and Mark Lindgren did the deal with Weidner Vice President of Finance & Acquisitions Ben Katon and Director of Acquisitions Kevin Colard. Weidner owns apartments in nine states and four Canadian provinces. The 153-unit Colonial was built in 1969 at 1616 156th Ave. N.E.
AIA Seattle will hold a panel discussion called “Growing a City: Density, Displacement and Policy in an Urbanizing Seattle.” The free event takes place at 6 p.m. Monday, Sept. 19 at the Center for Architecture & Design, at 1010 Western Ave. Moderating the discussion will be freelance journalist Erica C. Barnett, of The Atlantic. Panelists will be Roger Valdez of Smart Growth Seattle; Alex Brennan of Capitol Hill Housing; and restaurateur Linda Derschang. The event is part of Seattle Design Festival.
Rendering courtesy Tiscareno Associates
Architect Tiscareno Associates says Simpson Housing has broken ground on phase two of Metro 112 Apartments in downtown Bellevue. It is at 288 111th Ave. N.E., and set for completion next year. The 60,000 square-foot, six-story building will have 57 units and below-grade parking for 21 vehicles. Residents will share a new rooftop terrace, fitness center and entertainment suite with tenants at phase two, at 317 112th Ave. N.E. Phase one was completed in 2013 after Simpson and Tiscareno converted 20,000 square feet of retail space to create 18 apartments and the amenities. Here is the team for phase two: W.G. Clark Construction, David Evans & Associates (civil engineers), Enayat Schneider Engineering(structural), Mandy Callaway (interiors) and Brumbaugh & Associates (landscape architects).