Tag Archives: north seattle apartments

Big News: New Apartment Building under construction in Roosevelt, north Seattle

Matrix Real Estate, my brokerage, has been hard at work getting things ready for a new apartment building about to undergo construction in Roosevelt.  While details at this time are limited, here is what I CAN tell you.

The building will house 63 units at the corner of 66th and Roosevelt, with a mix of studios, 1 bedroom, and 2 bedroom homes.  There will also be two retail spaces facing Roosevelt.  The new building will be located one block from the future light rail station.

Artist's rendering of the future apartment building

Currently, the builder is moving dirt.  Completions and first move-ins are anticipated for early 2013, and we’ll have more information available/marketing beginning early 2012.  Stay tuned for more info as construction progresses.

 

Lorig unveils new information for planned apartments at old Vitamilk site

Lorig Associates, the developers behind the planned Green Lake Village apartment community set to go up over the old Vitamilk Dairy site (Woodlawn between NE 71st and NE 72nd Streets), stopped by the Green Lake Community Council meeting tonight to share some new information on the community.

Bruce Lorig spoke and took questions regarding the property, and explained the timeline a little more clearly for those of us who have been wondering just how much longer the hole will be, well, a hole.  Excavation was slow due to the large quantity of groundwater and diesel fuel that had to be pumped away from the site for construction to begin.  Another 10-15 ft of digging is still needed, and then construction of the building is slated to begin mid-February 2012.

The community, which will house 298 apartments over 50,000 square feet of retail, has already secured its anchor tenant in PCC Natural Markets.  Although PCC currently has another Green Lake location, a representative for the store let us know tonight that studies have allowed for the sustainability of both stores (the current store is overcrowded).  PCC will occupy 25,000 square feet of retail, and the remaining 25,000 square feet of space is allocated for neighborhood businesses, including over 1/3 of the space slated for restaurant space.  Green Lake residents should anticipate the new PCC to open sometime in the third quarter of 2013, if the timeline remains unchanged.

The new site has been aesthetically designed with an exterior mix of hardi-plank and metal siding, with about 1/3 of the homes having some form of balcony or patio.  It will be built as three separate buildings, with a resident’s plaza in the middle and a public pedestrian corridor from Woodlawn.   WG Clark is signed on to be the general contractor.

Attendees at the council meeting look over artist's renderings of the building

Most of the attendees at the Community Council meeting were pleased to see the design and learn more, but several concerns were also brought up.  Although the building will have 450 parking spaces to be used for both tenants and retailers, some neighbors are worried about the added parking and traffic coming in.  During the lease-up process, the building owner plans to offer out monthly parking rentals for additional income.

Another major concern brought up tonight was the plan for handling both rain and ground water, which will be drained into the common sewer/storm water runoff drains.  Lorig is aiming to have the building LEED Silver certified, but this certification does not require them to recycle storm and groundwater and the recycling of this is an expensive process.  At this time they have no plans to do this, but will have many other “green” features in the community.

This project is of special interest to me as a real estate broker dealing a lot with new construction, so I will be sure to follow the progress and keep you updated as I learn more.  In the meantime, I’m just really excited to get a PCC I can walk to!

Can’t Buy?

So you want to live in north Seattle, but you can’t because the average price of just a 2-bedroom house is around $340,000 right now.  Next best thing? Rent in north Seattle instead.

On the NWMLS (yes, rental houses are advertised there too), you can get an average of 1130 square feet right now, 2 bedrooms, for around $1718/month.    Not bad for our prime location! But beware – landlords in these neighborhoods are generally pretty careful with their old craftsman homes and are looking for someone willing to take great care of it.  Pets are often not allowed and they’ll usually expect you to maintain the yard. 

If a craftsman rental house is still hard on the pocketbook and you just can’t give up the neighborhood, there are several great, newer apartment buildings to consider.

Circa Green lake, located at 6900 E Green Lake Way N, has studios, one-bedroom, and 2-bedroom homes starting around $1345/month.  Circa has a great location and houses the retail spots I love Hot Yoga and Turnpike Pizza, among others. 

Another new building in Green Lake is The Clarke – at 950 N 72nd Street.  The Clarke has just 24 apartment homes with one-bedrooms starting around $1370.

If this is still a little high, you can get some great deals on apartments in the area if you don’t mind having something a few years old.  Look on Craigslist – you’ll find apartments in Phinney Ridge, Fremont, and Green Lake for just under $1000 if you’re willing to sacrifice a little space and don’t mind a slightly older building.  And remember, the cost is going to go up the closer you are to the lake, or to the main shopping/restaurant centers of these communities.

Some important questions to ask when looking for a rental:

  • Do you get off-street parking?  In some areas, parking is a hot commodity and no one wants to drive home late at night and park blocks away from their home.
  • How close is public transportation?  This could be good & bad – great if you use it, but horrible if the bus stop is right outside your front door (noise).
  • Where’s the closest – grocery store/restaurants/mini-mart/everything else that’s important to you?

Think about what’s important to you.  Are you looking for a long-term rental that you can be proud to live in for years, or just something short-term while you save up to purchase?  Are you the kind of person that wants to know your neighbors, or do you prefer your space? How easily can you break your lease if you need to?

North Seattle is an amazing place to live, whether you own or rent.  If in doubt, ask some people who live here – they’ll tell you what they love about their neighborhood.