Development and Management Company LMC has announced the opening of Ovation, a 548-unit luxury community in the heart of Seattle. The twin towers are located at 702 Spring St. in the First Hill district, and offer views of Mount Rainier, Lake Union and the city’s skyline.
Of Ovation’s 548 apartments, 110 participate in the Multifamily Tax Exemption (MFTE) program. The community is Seattle’s first high-rise development to take part in MFTE, meeting the needs of the middle-income population within the urban core.
“I’m extremely proud of the collaboration with our neighbors, stakeholders and partners through this experience,” said LMC’s Division President Brad Reisinger. “We worked diligently with the Mayor’s staff to participate in the MFTE program.”
Ovation consists of studio, one- and two-bedroom residences as well as one- and two-story penthouses and townhomes. Amenities include a rooftop pool and spa, fitness center and fire pits. There are eight floors of underground parking with 44 EV charging stations and 7,000 square feet of retail space.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.