Real estate company Wood Partners is planning to start construction on a 27-storey high-rise apartment complex in Seattle, Washington, US.
The 298-unit apartment complex will be situated at 225 Cedar Street on the southwest corner of Cedar and Third Avenue in Seattle’s Belltown.
Plans also include six levels of subterranean parking to house 200 cars, around 3,800ft² of space on the ground floor for commercial and retail purposes, as well as an exercise facility with a bicycle workshop.
The average apartment size at the new community will be 660ft² while the mixed units will have different floor plans including studios and traditional one and two-bedroom units.
The development will feature a roof deck with a fire pit and gas barbecue grills, and a rooftop residents’ lounge offering views of the Seattle skyline to the north, east and south, and Puget Sound and Bainbridge Island to the west.
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Andersen Construction is serving as the general contractor while Prudential, JPM Chase, landscape architect Hewitt, DCI Engineers and the civil engineer KPFF are partners on the project.
Wood Partners vice president of development for the Pacific Northwest Steve Orser said that the Third and Cedar project is positioned in the north end of the Belltown restaurant and nightlife district, close to Seattle Center and South Lake Union.
"Despite the fact that some new residential units have been added to the neighbourhood, there is still not enough housing to meet the demand created by the employment growth," Orser said.
"The Third & Cedar project is an ideal location to capitalise on this imbalance. Its location at the very centre of Seattle’s urban core neighbourhoods, in close proximity to numerous amenities and employment centres, make it an extremely desirable location."
Earlier in August 2012, Wood Partners had started construction on a $45m Alta Legacy Farm, an apartment community in Hopkinton, Massachusetts, US.
Image: The 27-storey apartment complex will feature 298 units and about 3,800ft² space on the ground floor. Photo: Wood Partners.