Pladhus Apartments

838 NE 69th St. Seattle, WA 98115
  • Purchase Date: August 5, 2011
  • Sale Date: March 26, 2015
  • New Construction Costs: $1,931,498
  • Contributed to a combined project with Handel Apartments that generated over $4.1 million in gross profit.

 

Leveraged deep expertise in land use codes to redevelop an underutilized parking lot purchased in 2011, into a 30-unit micro-apartment community. The unique design and flexible living spaces drove a rapid lease-up, achieving average rents of $4.87 per square foot and established the property as a benchmark for innovative design and space planning.