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Greystar Launches MF Development Near Seattle’s University Village

Charleston, SC-based Greystar commenced construction on Arista, a 236-unit apartment development on a two-block site west of Seattle’s University Village. The $115 million project will rise at 4715 25th Ave. NE, a property previously housing a Travelodge and KeyBank branch.

The 1.3-acre site is near the University of Washington, but is not being envisioned as student housing. The community is expected to attract families and downsizing households from the nearby affluent Ravenna, Windermere and Laurelhurst neighborhoods.

The property also includes 9,000 square feet of retail, 183 underground parking stalls and 214 bicycle spaces. Amenities include a lobby concierge, fitness center with saunas, and a rooftop indoor-outdoor clubhouse topped by a rooftop deck.

Construction of the multifamily project is expected to span at least two years. Bank of America is supplying a $64 million loan. Gibraltar’s Tracy Cornell is handling the retail leasing assignment.

*Rendering Courtesy of 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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