Plymouth Housing has completed the $18.4 million renovation of Seattle’s Pacific Apartments, a 110-year-old historic multifamily property located at 317 Marion St.
Built in 1915 as a single-room occupancy hotel, here tenants had private bedrooms and shared bathrooms. The Leamington Hotel and Apartments was designed to house travelers and transient workers. It was later designated as a Seattle Landmark. By the 1980s, however, the building stood vacant.
The remodel transformed the original 112 single-room occupancy units with shared bathrooms and kitchens into 89 modern studio and one-bedroom apartments. The project also included modernization of the interior systems and updated shared community spaces, while preserving the 110-year-old building’s original character.
ARC Architecture was the designer, and Rafn Co. Construction was the general contractor. The renovation was financed through loans totaling $6.4 million from the Washington Department of Commerce and a junior loan of $11.9 million from the city of Seattle
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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