GID Development Group Constructing Seattle Apartment Tower
- May 10, 2013
GID Development Group, a privately held, globally diversified, and fully integrated real estate organization headquartered in Boston, is developing a 41-story residential project in downtown Seattle, Wash.
Located at 2030 8th Ave., the 355-unit luxury apartment tower features panoramic views of Seattle’s downtown skyline, Lake Union, Puget Sound and Elliot Bay. The tower will feature a unit mix of studio, one-, two- and three-bedroom apartment homes as well as 4,200 square feet of retail and 242 parking spaces.
“The project has an array of ingredients that are not matched by any competing high-rise apartment buildings in the Seattle marketplace,” James Linsley, GID Development Group’s president, told CPE. “Other buildings may have certain elements similar to 2030 8th Ave, but none have the complete package. Residents will live and socialize in a unique urban environment that is characterized by an unrivaled combination of superior location, height, views, amenities, services, finishes, floor plans, balconies, and sustainable design.”
The building’s amenities will create an atmosphere oriented toward health, fitness, relaxation, socialization, entertainment, private functions and a variety of programmed events. 2030 8th Avenue will have over 10,000 square feet of amenities including the entire 41st floor of the building.
“Indoor amenity features will include a resident club room, game room and sports lounge, fitness center, yoga room, private theater, private function and dining room, demonstration kitchen, catering kitchen, pet spa, and bicycle center,” Linsley said. “Outdoor amenity features will include an outdoor terrace, lounge areas, cooking stations, landscaping features, water garden and outdoor fireplaces.”
The project is being designed by Seattle-based architecture firm Weber Thompson and constructed by Sellen Construction Company. When completed, it will be Seattle’s most advanced high-rise residential product and is designed to achieve a LEED Silver rating.
According to Linsley, GID is highly selective in its development activities, and will only pursue premier sites capable of justifying the development of market defining Class A product.
“We are pursuing development opportunities in 24/7 gateway cities with compelling growth potential and vibrant urban environments in which people can live, work, shop, dine and access a variety of cultural and entertainment venues,” he said. “This project is superbly located in the heart of downtown Seattle and will link the CBD’s office district, the core of the city’s retail, restaurant and entertainment destinations, the booming redevelopment of South Lake Union, and Amazon’s new 3.3-million-square-foot world headquarters project.”
Not only does the site have immediate access to the traditional high rise office employment centers and Seattle’s retail core but also the explosive job engines of Amazon’s world headquarters and the rest of the technology, biomedical, and philanthropic organizations flourishing in South Lake Union.
GID has acquired or developed more than 54,000 residential units and in excess of 13 million square feet of commercial space.