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Hurley Sets One-Year Target for Affordably Priced Kestrel Apartments
Hurley Development is underway with Kestrel Park Apartments, a 178-unit apartment community located at 15306 NE Fourth Plain Rd. in Vancouver, WA. The project has a completion slated for March 2022.
Situated on 5.51 acres, the garden-style project will consist of six three-story buildings. The unit mix will be 54 one-bedroom units, 108 two-bedroom units and 16 three-bedroom units with an average unit size of 883 square feet.
A $27.5-million construction loan was recently provided to Hurley by Parkview Financial.
“This project will be attractive to the local workforce population as it will provide spacious new units in a great location at an affordable price point when compared to rents in downtown Vancouver,” said Paul Rahimian, CEO with Parkview Financial.
Kestrel Park Apartments is part of a multi-phase development. Phases one to four include residential lots that have been pre-sold to a national homebuilder. Kestrel Park Apartments is part of phase five with future phases to include a retail and office center.
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