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Greystar Buys Seattle SLU Site Planned for 28-Story Tower

Greystar acquired a site at 200 Eighth Ave. N. in Seattle’s South Lake Union from the Seattle Unity Church for $20 million. The South Carolina-based apartment owner plans to develop a 28-story residential tower called The Waverly.

Designed by Weber Thompson, the project will have 374 units and an underground parking garage with 286 spaces. The deal allows Seattle Unity to build a new 7,220-square-foot church at 210 Eighth facing Denny Park. Seattle Unity’s 1960 church will be razed and replaced by a new Olson Kundig-designed church.

Construction on the residential tower is expected to begin next month, with the garage delivering next year. The project is planned to include a large deck and interior space atop a fifth-level podium, 4,700 square feet of decks on the roof, 3,200 square feet of interior view space, as well as a 132-stall bike room.

Seattle Unity plans to launch church construction in fall 2020, and anticipates delivery in late 2021.

*Image credit Weber Thompson

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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