Waterton Acquires Rental Community in Downtown Seattle
Waterton has acquired Arrivé, a 344-unit high-rise apartment community in Seattle’s Belltown neighborhood. The acquisition includes the residential portion of the building, located on floors 11-42 above a hotel property. Waterton plans to execute a light value-add program across the residences, common areas, amenities and hallways.
“Arrivé’s location in the heart of Belltown puts residents within walking distance of Seattle’s largest employers, including Amazon, Google, and Apple, along with numerous restaurants, retail options, and nearby waterfront amenities that continue to drive renter demand,” said Ben Slack, vice president of acquisitions at Waterton.
Arrivé offers a mix of apartment homes, including studio, one- and two-bedroom floorplans, as well as five penthouse rental homes on the 41st floor featuring two-bedroom/two-bath and three-bedroom/three-bath configurations. The amenities at the property include a 42nd-floor lounge with conversation and cafe seating, coworking spaces and a rooftop terrace with sweeping views of the surrounding vistas.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout