JPI Acquires Site for 189-Unit Uptown Apartment Development
JPI, a developer of multifamily communities, announced the acquisition of a development site at 400 4th Ave. W in Seattle, Washington.
JPI, in partnership with Stream Real Estate LLC, plans to build a 10-story, 189-unit Class A community in the heart of the Uptown Neighborhood in Seattle. The project aims to provide larger, family-sized housing, with one-quarter of the units designated to two- or three-bedroom layouts. Cushman & Wakefield’s Tim McKay, Dan Chhan, and Matt Kemper represented the receiver on the sale.
“This project will create generous living spaces with meaningful outdoor amenities in an urban location with fantastic proximity to civic attractions, entertainment, arts, retail, and employment,” said Mollie Fadule, chief financial and investment officer at JPI.
The development has been designed to maximize outdoor amenity areas, connecting future residents to nature in a walkable, urban community. The 4th & Harrison land has a 40-foot change in elevation on the site. The project will feature sweeping views of Puget Sound, downtown Seattle, and the Space Needle. Construction is expected to start in Spring 2027.
Photo credit: Weber Thompson
Other News
HSL Purchases 180-Unit Tucson Rental Community
HSL Properties paid $31.85 million for the Luma Apartments, a 180-unit project at 2600 W. Ina in Tucson, according to Real Estate Daily News. The sale comes out to just over $175,000 per unit. The seller was Village at The Foothills Owner LLC, of Beverly Hills, California, which can be traced to MC Residential in...
Learn more
ARCTRUST, Edison Equity Teaming Up on 175-Unit Austin-Area 55+ Community
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
Learn more
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout