Seattle, Wash. (PRWEB) April 04, 2012
Wallace Properties managed construction of the 107-unit apartment project with general contractor RAFN Company. Baylis Architects designed the building and Northwestern Mutual provided financing for the project.
Banner Bank is the first retail tenant on the ground floor of the apartment complex occupying 2,500 square feet. Approximately 3,539 additional square-feet of retail space remains for lease—one 917-square-foot unit and two, 1,311-square-foot spaces.
“We’re excited to unveil Citizen of the Pike Pine,” said Kevin Wallace, President of Wallace Properties. “Citizen exemplifies what we are trying to achieve with the mixed-use development program – a LEED Silver, condo-quality apartment project built for long-term ownership and with retail that adds value.”
Each of the Citizen’s 107 individual units boasts modern design and an attention to detail that fits the busy city lifestyle of Seattleites. The complex offers accommodations for those seeking studios, open one-bedrooms, one-bedrooms and loft apartments. Each unit includes large windows, low-VOC sealants, stainless kitchen appliances, and a full-sized washer and dryer. Bike racks and EV car charging stations are installed in the parking garage to encourage eco-friendly transportation.
Built to achieve LEED Silver certification, the Citizen promotes green, healthy living. Located in the heart of Capitol Hill, the apartments are within one mile of downtown Seattle’s business district and half a mile away from the light rail station scheduled for completion in 2015. Walkscore.com gives the project a rare perfect score for walkability.
The apartment complex is located at 1222 East Madison Street just blocks away from Seattle University, Seattle Central Community College, Cal Anderson Park, Swedish Hospital, Virginia Mason Hospital and the Capitol Hill light rail station. Other recent development projects completed by Wallace include 507 Northgate, a 163 unit mixed-use project anchored by 24 Hour Fitness, and a YMCA Community Center for the City of Snoqualmie. Wallace is currently designing its second phase at Northgate with 250 apartments and 20,000 square feet of retail.
About Wallace Properties Inc.
Based in Bellevue, Washington, Wallace Properties, Inc. is a full-service commercial real estate firm that seeks to provide the highest quality in development, sales, leasing and property management services. By employing a team approach, which utilizes the specialized expertise of each team member, the company provides effective solutions to meet the continually changing commercial real estate environment. As a result of its long standing professionalism and commitment to the community, Wallace Properties has earned its reputation as an institution of trust and integrity.