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Seattle & Northwest  + Seattle  + Apartments  |  May 19, 2026
Jasmine Kilman
By: Jasmine Kilman

Quarterra, MacNaughton Advance Construction on 796-Unit Seattle MF Project

Quarterra and the firm’s co-general partner, MacNaughton, announced the rapid advancement of vertical construction at their newest Seattle community. The 796-unit luxury mid-rise property will feature more than 25,000 square feet of retail space.

Following an August 2025 groundbreaking and a transition into major construction earlier this year, mass excavation work is complete, and utility undergrounding is nearly finished. Located at 3020 NE 45th Street, the community is directly adjacent to University Village and is 15 minutes from both Seattle and Bellevue job centers. Floor plans range from studios to three-bedroom designs.

Marking the first joint venture between MacNaughton and Quarterra, the community is being developed by the two firms, with MacNaughton joined by its long-standing Japanese investment partners, Nomura Real Estate Development Co., Ltd., Keihanshin Building Co., Ltd., and Kintetsu Real Estate Co., Ltd. This project represents MacNaughton’s 11th investment and Quarterra’s 14th development in the Pacific Northwest market.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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