155 17th Ave, Seattle, WA 98122

Highlights:

• Leveraged deep expertise in Seattle land use codes to identify a redevelopment opportunity
• Rezoned a former parking lot at Stella Apartments in 2015 to enable new development
• Developed Jupiter, a 20-unit micro-studio apartment community
• Delivered affordable in-city housing in a high-demand urban market
• Achieved average rents of $1,055 per unit

Financials:

• Total Development Cost (2015): $1,845,000
• Sold Price (2017): $3,850,000
• Approximate Value Creation: $3,145,000