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Greystar, GMC Projects Break Ground on SeaTac Apartments
Greystar, in partnership with GMC Projects, a Canadian-based real estate developer, has broken ground on Birchway Angle Lake, a new apartment community at 19825 International Boulevard in SeaTac, Washington.
The project represents the second transaction capitalized in a strategic venture with Whitman Peterson. “Focusing on providing new apartments at attainable rent levels, we worked with Whitman Peterson to secure equity financing,” said Aaron Keeler, Managing Director of Development at Greystar. “We’d also like to thank GMC Projects for their partnership and help in finding a creative deal structure that worked for all partners.”
Birchway Angle Lake will offer 289 apartments in studio, one- and two-bedroom layouts. Birchway Angle Lake design team included Weinstein A+U Architects, CT Engineers for structural engineering, Karen Kiest for landscape architecture and Lair Design for interior design. GMC Projects acquired the site in 2019 and secured the entitlements. Greystar is the project’s vertical venture developer, general contractor and property manager.
