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Seattle & Northwest  + Seattle  + Apartments  |  August 18, 2021
Siteline
Lisa Brown
By: Lisa Brown

Siteline Gets Underway in the Shadow of the Space Needle

Construction financing of approximately $82 million was recently arranged on behalf of MainStreet Property Group in partnership with Grousemont Associates and related parties for the development of Siteline. Construction on the Seattle multifamily property will begin immediately and is expected to be completed by summer 2023.

Located in in the shadow of the Space Needle, Siteline will consist of 214 apartment units, 44,000 square feet of pre-leased office and storage space, and 6,000 square feet of prime retail space. Siteline is the launch pad for everything that Uptown and the emerging Sports and Entertainment District have to offer, says the partnership.

The 10 year fixed-rate construction-to-perm financing was negotiated and secured by Ray Allen and Seth Heikkila of IPA Capital Markets’ Seattle office with a prominent life company.

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Inside The Story

Ray Allen

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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