Trending...
- OncoBeta Introduces Rhenium-SCT for Non-Melanoma Skin Cancer at Theageneio Cancer Hospital of Thessaloniki
- Arizona Pest Control Surpasses $200,000 in Contributions to Southern Arizona High School Sports and Education Programs
- Spokane: City And County Seek Federal Grant to Plan for Road Network Wildfire Resilience
Two-tower Community Introduces 548 Luxury Homes on First Hill
SEATTLE, June 16, 2022 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced the opening of Ovation, a luxury community in the heart of Seattle with outstanding views of Mount Rainier, the Cascade Mountains, Lake Union, and the city's skyline.
Situated at 702 and 704 Spring Street, Ovation is centrally located along the tree-lined streets of First Hill immediately adjacent to Town Hall, a performance hall and a cultural center for the city. Ovation, a two-tower luxury community features 548 apartment homes and penthouses, including 110 that participate in the Multifamily Tax Exemption (MFTE) program. Ovation is Seattle's first high-rise development to take part in MFTE helping to meet the housing needs of Seattle's middle-income population within the urban core. The towers bring twin "lit lantern" silhouettes to the city skyline but are unmistakably defined by their own distinct interior visions. Each tower features a curated local art collection to match its distinct style – one sleek and contemporary and the other classically refined. The property also offers residents a choice of six unique home design schemes to suite a variety of tastes and preferences.
"While Ovation is perhaps our most stunning community yet, I'm extremely proud of the constructive collaboration with our neighbors, stakeholders and partners throughout this experience," said Brad Reisinger, Division President for LMC in the Pacific Northwest. "In particular, we worked diligently with the Mayor's staff to make Ovation the first tower in Seattle to participate in the MFTE program. This means a much needed 110 homes will be set aside for middle income earners."
"QuadReal Property Group has been an instrumental partner in the development," Reisinger said. "Its team provides key insights with the benefit of a global residential portfolio of over 50,000 rental homes and the commitment to continue to provide timeless, high quality additions to housing that enhances the city."
Ovation offers walkable, bikeable and commuter-friendly living within blocks of Seattle's Central Business District, Capitol Hill and South Lake Union. A future Madison Bus Rapid Transit stop is under construction across the street, and light rail access is blocks away. The transit options put almost 300,000 jobs within a pedestrian commute, but the community is also adjacent to Interstate 5, with easy access to Eastside employers.
More on Washingtoner
The community consists of studio, one- and two-bedroom apartment homes, as well as one- and two-story penthouses and townhomes with private entries and balconies. Select residences feature cutting-edge Ori transformable furniture including Pocket Office, Pocket Studio, and Pocket Closet products. Apartment homes range from 381 to 2,052 square feet and feature floor-to-ceiling windows, most with power shades. Kitchens and baths come in six different design schemes, with quartz countertops and wood plank flooring. Kitchens are equipped with stainless-steel appliances and gas ranges.
All residents have access to an unparalleled amenity package, highlighted by an outdoor 31st floor rooftop pool and spa, and an expansive fitness center that takes up a full floor, both located in the contemporary west tower. The classic east tower features an expansive rooftop deck with a tranquil "northwest beach" setting perfect for summertime dinners around the fire. Multiple conference rooms and co-working spaces also make up the east tower. Both towers offer rooftop terraces with fire pits and outdoor kitchens, as well as covered outdoor pet runs with adjoining pet spas.
Ovation includes an eight-floor underground parking structure equipped with 44 EV charging stations – the most of any apartment community in the region – with future-proof construction that will eventually allow for up to 110 EV parking stalls. The mixed-use property includes 6,883 square feet of retail space and shares the block with the renowned Town Hall culture and performance center.
"We at Town Hall Seattle are deeply excited to welcome Ovation to the neighborhood. From day one, we've had a respectful and productive collaboration with LMC on the possibilities of this block," said Wier Harman, Executive Director of Town Hall. "Visitors to this corner of First Hill will see a dramatically changed neighborhood, with new amenities for residents and Town Hall attendees alike."
Ovation is positioned at the cultural crossroads of the city and within a short walk, residents will find theaters, symphony and museums. Sports fans have pedestrian or easy transit access to home games for the Seahawks, Sounders, Kraken and Mariners. The world-famous Pike Place Market and the annual three-day Capitol Hill Block Party music festival are all minutes away, and residents can stock up at the PCC Grocery a mere three blocks away.
More on Washingtoner
Debt financing is from Wells Fargo. Other members of the team include JTM Construction as general contractor and Perkins + Will as architect. MG2 was the interior designer, DCI as structural engineer, and PFS as landscape architect. NineDot Arts curated the art collection and McCullough Hill Leary was the land use attorney. The community will be managed directly by LMC.
Ovation is LMC's seventh completed community in the Seattle Metro Area, joining Atlas, Whittaker, Valdok, Axle, Twenty20 Mad, and The Bower. LMC currently has two communities (Spectra and Piper) under construction in Marymoor and has begun early utility undergrounding work on its 194-home Crown Hill development.
About LMC
LMC is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the United States. LMC has a 42,00-home pipeline of communities ranging from operating to under pre-development that exceeds $16.8 billion of high-rise, mid-rise and garden apartments.
LMC creates extraordinary communities where people can live remarkably.
www.LiveLMC.com
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $67.1 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
www.quadreal.com
Media Contact
Marlena DeFalco
LinnellTaylor Marketing
303-682-3943
[email protected]
SOURCE LMC
SEATTLE, June 16, 2022 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced the opening of Ovation, a luxury community in the heart of Seattle with outstanding views of Mount Rainier, the Cascade Mountains, Lake Union, and the city's skyline.
Situated at 702 and 704 Spring Street, Ovation is centrally located along the tree-lined streets of First Hill immediately adjacent to Town Hall, a performance hall and a cultural center for the city. Ovation, a two-tower luxury community features 548 apartment homes and penthouses, including 110 that participate in the Multifamily Tax Exemption (MFTE) program. Ovation is Seattle's first high-rise development to take part in MFTE helping to meet the housing needs of Seattle's middle-income population within the urban core. The towers bring twin "lit lantern" silhouettes to the city skyline but are unmistakably defined by their own distinct interior visions. Each tower features a curated local art collection to match its distinct style – one sleek and contemporary and the other classically refined. The property also offers residents a choice of six unique home design schemes to suite a variety of tastes and preferences.
"While Ovation is perhaps our most stunning community yet, I'm extremely proud of the constructive collaboration with our neighbors, stakeholders and partners throughout this experience," said Brad Reisinger, Division President for LMC in the Pacific Northwest. "In particular, we worked diligently with the Mayor's staff to make Ovation the first tower in Seattle to participate in the MFTE program. This means a much needed 110 homes will be set aside for middle income earners."
"QuadReal Property Group has been an instrumental partner in the development," Reisinger said. "Its team provides key insights with the benefit of a global residential portfolio of over 50,000 rental homes and the commitment to continue to provide timeless, high quality additions to housing that enhances the city."
Ovation offers walkable, bikeable and commuter-friendly living within blocks of Seattle's Central Business District, Capitol Hill and South Lake Union. A future Madison Bus Rapid Transit stop is under construction across the street, and light rail access is blocks away. The transit options put almost 300,000 jobs within a pedestrian commute, but the community is also adjacent to Interstate 5, with easy access to Eastside employers.
More on Washingtoner
- New Six-Figure Media Agreement Builds Powerful Momentum, Expanding Government Contracts, FBI Access and Growing AI Recognition: Cyabra (NAS DAQ: CYAB)
- Christmas Beats Summer in Paris: Travel Photoshoots Peak on Dec. 30
- Qscription Technologies Welcomes Joanna Krause, MD, MRMD to Its Clinical Advisory Board
- Jamie Foxx's SKVLK Fest Sets the Record Straight on Stabbing Reports Following Star-Studded Celebration
- Andrew Balzano Releases One of My Life's Passions: Classics and Mysteries, a Fan's Guide to Great Mysteries Worth Rewatching
The community consists of studio, one- and two-bedroom apartment homes, as well as one- and two-story penthouses and townhomes with private entries and balconies. Select residences feature cutting-edge Ori transformable furniture including Pocket Office, Pocket Studio, and Pocket Closet products. Apartment homes range from 381 to 2,052 square feet and feature floor-to-ceiling windows, most with power shades. Kitchens and baths come in six different design schemes, with quartz countertops and wood plank flooring. Kitchens are equipped with stainless-steel appliances and gas ranges.
All residents have access to an unparalleled amenity package, highlighted by an outdoor 31st floor rooftop pool and spa, and an expansive fitness center that takes up a full floor, both located in the contemporary west tower. The classic east tower features an expansive rooftop deck with a tranquil "northwest beach" setting perfect for summertime dinners around the fire. Multiple conference rooms and co-working spaces also make up the east tower. Both towers offer rooftop terraces with fire pits and outdoor kitchens, as well as covered outdoor pet runs with adjoining pet spas.
Ovation includes an eight-floor underground parking structure equipped with 44 EV charging stations – the most of any apartment community in the region – with future-proof construction that will eventually allow for up to 110 EV parking stalls. The mixed-use property includes 6,883 square feet of retail space and shares the block with the renowned Town Hall culture and performance center.
"We at Town Hall Seattle are deeply excited to welcome Ovation to the neighborhood. From day one, we've had a respectful and productive collaboration with LMC on the possibilities of this block," said Wier Harman, Executive Director of Town Hall. "Visitors to this corner of First Hill will see a dramatically changed neighborhood, with new amenities for residents and Town Hall attendees alike."
Ovation is positioned at the cultural crossroads of the city and within a short walk, residents will find theaters, symphony and museums. Sports fans have pedestrian or easy transit access to home games for the Seahawks, Sounders, Kraken and Mariners. The world-famous Pike Place Market and the annual three-day Capitol Hill Block Party music festival are all minutes away, and residents can stock up at the PCC Grocery a mere three blocks away.
More on Washingtoner
- Spokane: City Details Veterans Day Schedule
- The 4th Annual Newark Summit for Economic Development, Placemaking & Innovation Returns on December 8th
- Romanian Software Company ASSIST Software Ranks Second Nationally Among Large Enterprises in Its Category
- Washington Nurse Introduces Nightingale Care Hub to Help Families Organize Care
- HIRO Ostomy Belt Launch by Richard O'Hamill
Debt financing is from Wells Fargo. Other members of the team include JTM Construction as general contractor and Perkins + Will as architect. MG2 was the interior designer, DCI as structural engineer, and PFS as landscape architect. NineDot Arts curated the art collection and McCullough Hill Leary was the land use attorney. The community will be managed directly by LMC.
Ovation is LMC's seventh completed community in the Seattle Metro Area, joining Atlas, Whittaker, Valdok, Axle, Twenty20 Mad, and The Bower. LMC currently has two communities (Spectra and Piper) under construction in Marymoor and has begun early utility undergrounding work on its 194-home Crown Hill development.
About LMC
LMC is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the United States. LMC has a 42,00-home pipeline of communities ranging from operating to under pre-development that exceeds $16.8 billion of high-rise, mid-rise and garden apartments.
LMC creates extraordinary communities where people can live remarkably.
www.LiveLMC.com
About QuadReal Property Group
QuadReal Property Group is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia. Its assets under management total $67.1 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly, via programmatic partnerships and through operating companies in which it holds an ownership interest. QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
www.quadreal.com
Media Contact
Marlena DeFalco
LinnellTaylor Marketing
303-682-3943
[email protected]
SOURCE LMC
0 Comments
Latest on Washingtoner
- Shiokly Launches Online Marketplace to Help Singapore Home-Based Businesses Sell More, With First Product Listed Free
- Freight Broker 911 and Milton Collier Introduce "What's The 911?"—A New Podcast Built on Real Talk, Real Freight, and Real Opportunity
- PropAccount.com Launches PropWallet, Turning Prop Firm Payouts Into Repeat Sales
- Spokane: City And County Seek Federal Grant to Plan for Road Network Wildfire Resilience
- The Great Junk Hunt Returns to Monroe: Kick Off Your Holiday Shopping at the Ultimate Vintage Treas
- AI Trading Agents Track Aerospace and Defense US Stocks Amid Rising Technology Investment (SATS, GILT, TSAT, IREN, JOBY, LUNR)
- KOLBUS America, For All Of Your Hycorr Equipment And Service Needs
- Evluma's RoadMax Edge Roadway Luminaires Earn DarkSky Approved Status
- Heritage at Hopewell Announces New 3.875% Year-One Mortgage Rate Buydown Incentive on Quick Delivery Townhomes (7.11% APR)
- New TROP2 Research Breakthrough Strengthens REQORSA® Gene Therapy Story as Roche Collaboration Advances Precision Lung Cancer Treatment: Genprex, Inc
- Tacoma: Public Hearing for Off-Street Parking Code Update Set for December 1
- Rent a Truck or Hire Movers? New Data Shows Fuel Now Makes Up to 40% of DIY Moving Costs
- Spokane: SPD Makes an Arrest in Yesterday's Early Morning Shooting
- Spokane: Mayor Brown Introduces 2027-2028 Budget Proposal
- Club Wyndham Research Identifies the "Holiday Rewind Effect": 93% of Parents Recreate Their Own Childhood Holidays for Their Kids
- IEI Rugged IP66 Panel PC Brings Real-Time Visibility to Heavy-Duty Mining Fleets
- FDA Approval; Major Milestone for Preservative-Free Ketamine Ahead of FDA Goal Date for Treatment of Suicidal Depression by NRx Pharmaceuticals, Inc
- Building a Technology Powerhouse-From AI Drones and Global Acquisitions to Defense, Enterprise Software and the Future of Autonomous Operations $ZENA
- Shelter Structures America backs MATRA Second Life Project to turn retired tent vinyl into homes for displaced families
- P-Wave Press Announces Becoming Dad: Reflections for New Fathers by L. A. Davenport