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| Rendering of planned 2nd & Pike Apartments, 1430 Second Avenue, Pike Pine Corridor, Downtown Seattle, WA |
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| Gerry Rohm |
SAN FRANCISCO, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged joint venture
equity for the development of 2nd & Pike, a 39-story, Class A+ luxury
residential apartment tower in downtown Seattle’s Pike/Pine corridor.
HFF worked on behalf the
developer, Urban Visions, one of Seattle’s leading real estate companies, to
arrange the joint venture equity partnership with Mitsui Fudosan America, Inc.
(MFA), the U.S. subsidiary of Japan’s largest public real estate company.
2nd & Pike is
prominently situated on a 0.44-acre site at 1430 Second Avenue approximately
one block from Pike Place Market and three blocks from Seattle’s most traveled
transit hub, Westlake Station.
Having broken ground in
late 2015, this iconic tower is due for completion in December 2017. The property will have 340 luxury apartment
units averaging 985 square feet each; 11,910 square feet of prime retail space;
and five levels of below-grade parking.
The tower, designed by Tom Kundig of renowned Seattle-based
Olson Kundig Architects, will offer unobstructed views of Seattle’s bay, luxury
finishes and amenities including concierge service, a fitness center, private
dining/conference facilities, rooftop lounge space, resident lounge with full
kitchen and an eighth-floor, 6,000-square-foot destination sky bar.
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| Bruce Ganong |
The HFF team representing
Urban Visions was led by senior managing directors Gerry Rohm, Bruce Ganong and Nick Kucha and managing director Mark Erland.
“The development of 2nd
& Pike represents our desire to build the premier luxury residential tower
in Seattle based on the most cutting edge principles in environmental design
and sustainability,” said Greg Smith,
CEO of Urban Visions. “This property
embodies our company’s philosophy of building and managing generational assets
for both our own and our partners’ portfolios.”
“Our longtime strategy has
been to form relationships with proven, local partners who share similar
long-term views and passion for developing best-in-class assets,” said John Westerfield, CEO of MFA.
"HFF played an integral role in bringing
together two firms with shared values, and we are pleased to be in partnership
with Urban Visions in developing this superior, luxury residential tower
located in one of the most sought-after locations in Seattle.”
“2nd & Pike has always
been regarded as one of Seattle’s premier CBD intersections and the development
of this iconic tower is leading the transformation of the 2nd Avenue corridor
to become one of the most desirable neighborhoods in Seattle. We are very pleased to have been retained by
Urban Visions to source the equity capital for the development of this landmark
tower,” said Rohm.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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