Peak Campus and Blue Vista Capital Management recently broke ground on Theory U District, a purpose-built student housing community in the University District of Seattle near the University of Washington. The project represents a continued expansion of Peak/Blue Vista’s Theory-branded development portfolio in major university markets.
Construction financing will be provided by the Bank of Oklahoma. This marks the third time BOK, Blue Vista and Peak have partnered together on a student housing project.
Theory U District will open in Fall 2022. Upon completion, Theory U District will be a seven-story 441-bed mid-rise property offering a variety of unit layouts from studio up to five-bedroom units.
The property is located near University Way Northeast, Greek Village and a new light rail station. The leasing and amenity spaces have a fitness center, business center, active ground-level courtyard, rooftop amenity deck with Seattle views, gathering/grilling areas and an outdoor kitchen. The community will provide touchless/keyless entry throughout and parking in an adjacent garage.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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