Four-Story Apartment Complex Opens Near Seattle University
Great Expectations, a real estate firm focused on the development and acquisition of low-income and workforce housing, recently completed its Betula House apartment building near Seattle University and Swedish Cherry Hill, reported the Puget Sound Business Journal.
Rush Construction was the general contractor. Hybrid Architecture designed the project. Arboreal, a brand related to Great Expectations with construction and apartment management arms, will be the property management company.
The four-story, 25,000-square-foot development at 355 15th Ave. in Seattle has 50 units, 36 of which are 270-square-foot small efficiency dwelling units. The building also offers several 446-square-foot one-bedroom units as well as two-bedroom units.
The building was nearly 100% pre-leased before it opened. Its current resident mix includes healthcare workers, young professionals, and students. Work on the development broke ground in November 2021 after Great Expectations acquired the site for $2.7 million in December 2020.
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.