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Seattle & Northwest  + Seattle  + Apartments  |  March 18, 2026
Jasmine Kilman
By: Jasmine Kilman

JPI Acquires Site for 189-Unit Uptown Apartment Development

JPI, a developer of multifamily communities, announced the acquisition of a development site at 400 4th Ave. W in Seattle, Washington.

JPI, in partnership with Stream Real Estate LLC, plans to build a 10-story, 189-unit Class A community in the heart of the Uptown Neighborhood in Seattle. The project aims to provide larger, family-sized housing, with one-quarter of the units designated to two- or three-bedroom layouts. Cushman & Wakefield’s Tim McKay, Dan Chhan, and Matt Kemper represented the receiver on the sale.

“This project will create generous living spaces with meaningful outdoor amenities in an urban location with fantastic proximity to civic attractions, entertainment, arts, retail, and employment,” said Mollie Fadule, chief financial and investment officer at JPI.

The development has been designed to maximize outdoor amenity areas, connecting future residents to nature in a walkable, urban community. The 4th & Harrison land has a 40-foot change in elevation on the site. The project will feature sweeping views of Puget Sound, downtown Seattle, and the Space Needle. Construction is expected to start in Spring 2027.

Photo credit: Weber Thompson

Read More News Stories About: Cushman & Wakefield
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JPICushman & Wakefield

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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