Washington

The Annex Group, Eastmark Announce $47.8 Million Development Near Washington State

by Katie Sloan May 10, 2022

Pullman, Wash. — A joint venture between The Annex Group and Eastmark Capital Group has announced The Annex of Pullman, a $47.8 million student housing project located near Washington State University. Construction is currently underway on the development, which is located adjacent to the north side of the university’s campus at 1555 NE Northwood Drive in Pullman. The garden-style project will offer 399 beds in 204 one-, two-, three- and four-bedroom units. Shared amenities are set to include a fitness center, study rooms, a clubhouse, outdoor patio and parking. The …

May 10, 2022

Development News On-campus Washington

Construction Underway on 1,055-Bed Residence Hall at the University of Washington Bothell

by Katie Sloan November 29, 2021

Bothell, Wash. — Construction is underway on a 1,055-bed residence hall at the University of Washington Bothell. The community is being developed through a public-private partnership (P3) between the university, Capstone Development Partners and Harrison Street. The 300,000-square-foot development will replace Husky Village, an existing student housing community on the university’s campus in Bothell, roughly 15 miles outside Seattle. The project will include three six-story residential buildings offering suites and apartments for both undergraduate and graduate students. The development will also include a 15,000-square-foot dining facility and 20,000 square feet …

November 29, 2021

News Operations Washington

Peak Campus Awarded Management of 762-Bed Community Near the University of Washington

by Katie Sloan February 22, 2021

Seattle — Peak Campus has been awarded management of Trailside, a new development by Phoenix Property Co. and Barings near the University of Washington campus in Seattle. The 762-bed community is located on the Burke-Gilman Trail in Seattle’s University District. Shared amenities at the property include outdoor amenity space, reserved parking, a 24-hour clubhouse and fitness center, private study lounges, game rooms and a 10,000-square-foot rooftop lounge. “We are thrilled to have been given the opportunity to help bring this fantastic project to life for the University of Washington community,” …

February 22, 2021

Development News Washington

Joint Venture Breaks Ground on 441-Bed Community Near the University of Washington

by Katie Sloan February 10, 2021

Seattle — A joint venture between Peak Campus and Blue Vista Capital Management has broken ground on Theory U District, a 441-bed student housing community located near the University of Washington campus in Seattle’s University District. The seven-story development will offer fully furnished units alongside communal amenities including a fitness center, business center, courtyard, rooftop amenity deck, gathering and grilling areas and an outdoor kitchen. Construction financing for the project, set to open in fall 2022, is being provided by the Bank of Oklahoma.

February 10, 2021

Finance News Washington

Highland Realty Capital Secures $40.95 Million Financing for 976-Bed Community Near Washington State

by Katie Sloan November 18, 2020

Pullman, Wash. — Highland Realty Capital has secured a $40.95 million bridge loan for The Ruckus, a 976-bed student housing community located near Washington State University in Pullman. The company secured financing — $2 million of which will be used to convert 89 four-bedroom units into three-bedroom units with bed-to-bath parity — through a Los Angeles-based debt fund on behalf of the borrower, NB Private Capital (NBPC). “Bed-to-bath parity is always an issue, and with COVID-19, it became an obvious upgrade for us to make,” says Blake Wettengel, president of NBPC.

November 18, 2020

Development News Washington

Greystar to Break Ground on $145 Million Community Near the University of Washington

by Katie Sloan October 5, 2020

Seattle — Greystar is set to break ground on Lakeview Student Residences, a $145 million student housing community located in Seattle’s U District near the University of Washington. Greystar recently purchased a five-parcel assemblage of existing apartment buildings located at NE 42nd St. and 12th Ave. NE for the development for $17 million. Dan Chhan, Tim McKay and Sam Wayne of Colliers International represented Greystar and the undisclosed seller in the transaction. “This is a core location with high-rise zoning, just three blocks from the University of Washington and one block from the …

October 5, 2020

Development News Washington

Aspen Heights Breaks Ground on 752-Bed Community Near Washington State University

by Katie Sloan August 26, 2020

Pullman, Wash. — Aspen Heights Partners has broken ground on Aspen Heights Pullman, a 752-bed, cottage-style student housing community serving students attending Washington State University. The property will offer a mix of two-, three-, four- and five-bedroom units with bed-to-bath parity. Shared amenities will include a community building, hot tub, fitness center and an on-site shuttle to campus. The development is scheduled for completion in fall 2021.

August 26, 2020

Development News Washington

Peak Campus, Blue Vista Acquire Development Site Near the University of Washington

by Katie Sloan January 9, 2020

Seattle — Peak Campus Development and investment partner Blue Vista Capital Management has acquired a development site located near the University of Washington in Seattle. The new project — titled Theory U District — is set to offer 500 beds in studio, one-, two-, three-, four- and five-bedroom, fully furnished units. Shared amenities will include a rooftop deck, multiple study rooms, a landscaped courtyard for outdoor activities, a fitness room, package lockers and parking. The site was previously owned by the University Christian Church (UCC), which moved out of the …

January 9, 2020

Development News Washington

Landmark Properties Buys Land Assemblage in Seattle, Plans 1,600-Bed Student Housing Project

by Katie Sloan November 4, 2019

Seattle — Landmark Properties has acquired an eight-parcel development site in Seattle’s University District. A group of undisclosed sellers sold the fee-simple assemblage, which was rezoned for greater density and taller buildings in 2017, for $39 million or $950 per-square-foot. Tim McKay, Dan Chhan and Sam Wayne of Colliers International represented the sellers in the disposition. Landmark Properties plans to begin construction on two 25-story residential towers and one seven-story mid-rise building in 2021. The project will sit on a combination of 11 parcels of land, including the recently purchased eight-parcel site. …

November 4, 2019

News Operations Washington

COCM Awarded Management of Student Housing Community at Highline College

by Katie Sloan July 24, 2019

Des Moines, Wash. — Capstone On-Campus Management (COCM) has been awarded management of Campus View, located at Highline College in Des Moines, Washington. COCM will provide full turn-key management services for the residence hall, including facility maintenance and management, capital planning, financial services, marketing and leasing. COCM will also design and implement a comprehensive residence life and student development program for Campus View.

July 24, 2019

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