Winner of Multifamily Executive 2007 Apartment Renovation of the Year, this property was originally constructed in 1949 and encompasses a full city block in downtown Seattle’s First Hill neighborhood. Originally named “The Nettleton,” the property’s two 14 story towers enjoy views of the Puget Sound, Lake Union and downtown, as well as offer a private parking structure, and downtown’s largest pool. Bascom Northwest executed an extensive repositioning plan, including the replacement of the entire electrical and life safety systems. To transform the community into a hip urban address, dated finishes and unwelcoming dark common areas were replaced with new glass partitioned interior spaces, bamboo flooring, sleek lighting, and a blast of vibrant color. Amenities now include a cyber lounge business center, large health club, new 15 person spa, roof top decks, and a 30 seat private theater attractive to the Gen X rental market driving Seattle’s economic resurgence.

City
Seattle, Washington
Units
351
Renovation Budget
$9.6M ($27,350/ unit)
Debt Partner

Wells Fargo Bank

Equity Partner

Rockwood Capital