Check out a preview of it here: seattlerentals.com/sr_newsletter/04-28-11.html
Want it to come straight to your inbox? Click here to sign up!
The Pioneer Street Group announced they would be breaking ground soon on a 2-tower, 24-floor project with 654 units! The project is located at 6th & Lenora in Belltown, and represents the second largest apartment development to date in Seattle.
The mixed-use building will also feature 18,000 square feet of retail space on the ground level and is the biggest project in the Denny Triangle in over 3 years.
This project, coupled with several other large apartment projects, represents a shift in the confidence of developers regarding apartment construction. With the condo market currently floundering and a high demand for more rental units, the race is on to build new apartment buildings.
Demand for rental units will likely outpace supply until 2013, making current apartment projects strong investments as long as no time is wasted in their construction.
More information about the Belltown project here. How do you see the addition of 654 units in one project affecting the Belltown scene? Tell us your thoughts in the comments below, on Facebook or through Twitter!
Lots of plans for new construction this week! There are exciting developments for Queen Anne, Fremont and Capitol Hill on the way. Here are a few tid-bits from the past week:
Seattle’s always been known for being progressive and eco-friendly. These buildings just reinforce that idea with their purposeful construction and amenities that decrease their environmental impact. Located throughout the Seattle area, these buildings also debunk the myth that being environmentally friendly comes at the cost of quality and luxury.
Was there an important building we missed? Do you live in one of these or another eco-friendly building? We would love to hear what your experience has been like! Share your thoughts in the comments below, on our Facebook page or through Twitter!