Two-tower Community offers 548 Luxury Homes on First Hill
SeattleAnd the June 16, 2022 /PRNewswire/- LMCthe leading company in the development and management of apartments, today announced the opening of graciousnessluxury community in the heart Seattle With great views of Mount Rainier, the Cascade Mountains, Lake Union and the city skyline.
Located at 702 and 704 Spring Street, Ovation is centrally located along the tree-lined streets of First Hill directly adjacent to Town Hall, performance hall, and the city’s cultural center. Ovation is a two-tower luxury community comprising 548 apartments and penthouses, including 110 that participate in the Multi-Family Tax Credit (MFTE) program. The graciousness is Seattle The first high-rise development participating in MFTE helping to meet housing needs Seattle Middle-income population in the urban core. The towers bring a double ‘lantern-lit’ silhouette to the city skyline but are unmistakably identified by their distinct interior vision. Each tower features a local art collection curated to match its signature style – one elegant and contemporary, the other classically polished. The property also offers residents a choice of six unique home design layouts to suit a variety of tastes and preferences.
“While Ovation is perhaps the most amazing community we have to date, I am very proud to collaborate constructively with our neighbors, stakeholders and partners throughout this experience,” he said, Brad Reisinger, chief of the LMC division of the Pacific Northwest. “In particular, we have worked hard with municipal employees to make Ovation the first tower in the city Seattle To participate in the MFTE program. This means that 110 much-needed homes will be allocated to middle-income people.”
“Quadrill Real Estate Group has been a key partner in the development process,” said Reisinger. “Her team delivers key insights while leveraging a global housing portfolio of more than 50,000 rental homes and a commitment to continue to deliver timeless, high-quality additions to housing to enhance the city.”
Ovation offers a walkable, biking and commuter-friendly life within blocks of Seattle Central Business District, Capitol Hill and South Lake Union. There is a future Madison Rapid Transit station under construction across the street, and light rail access is blocks away. Transportation options provide nearly 300,000 jobs in pedestrian commuting, but the community is also adjacent to Interstate 5, with easy access to Eastside employers.
The community consists of studios, one- and two-bedroom apartments, as well as one- and two-story penthouses and townhouses with private entrances and balconies. Housing selection is an advanced feature ori Convertible furniture including Pocket Office, Pocket Studio and Pocket Closet products. The apartments range in size from 381 to 2,052 square feet and feature floor-to-ceiling windows, most with electric awnings. Kitchens and bathrooms come in six different design schemes, with quartz countertops and wood floors. The kitchens are equipped with stainless steel appliances and gas ranges.
All residents have access to an unparalleled package of amenities, highlighted by 31 outdoorStreet A rooftop pool and spa, and a spacious fitness center occupy an entire floor, both located in the contemporary West Tower. The classic East Tower features a spacious rooftop deck with serene “Northwest Beach,” the perfect setting for summer dinner by the fireplace. 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 spaces for pets with adjacent pet spas.
Ovation includes an eight-story underground parking building equipped with 44 EV charging stations – more than any residential community in the area – with a future-proof construction that will eventually allow for up to 110 parking kiosks. The mixed-use property includes 6,883 square feet of retail space and shares the block with the popular Town Hall culture and performance center.
“We at Town Hall Seattle are very excited to welcome Ovation to the neighborhood,” said Ware Harman, Town Hall Executive Director. “Since day one, we have had a respectful and fruitful collaboration with LMC on the potential of this building.” “Visitors to this corner of First Hill will experience a dramatically changed neighborhood, with new amenities for residents and Town Hall attendees alike.”
The Ovation is located at the cultural crossroads of the city and within walking distance, residents will find theatres, symphony and museums. Sports enthusiasts enjoy pedestrian access or easy transit to the home games of Seahawks, Sounders, Kraken, and Mariners. The world-famous Pike Place Market and the annual three-day Capitol Hill Block Music Festival are minutes away, and residents can stock up on food at BCC Grocery just three blocks away.
Debt financing from Wells Fargo. Other members of the team include JTM Construction as general contractor and Perkins + Will as an architect. MG2 was the interior designer, DCI as the structural engineer, and PFS as the landscape architect. NineDot Arts sponsored the art group and McCullough Hill Leary He was a land use attorney. The community will be managed directly by the LMC.
Ovation is the seventh completed community of LMC in Seattle metro area, and joins Atlas, Whitaker, Waldock, Axel, Twenty20 Mad, and The Power. LMC currently has two communities (Spectra and Piper) under construction in Marymoor and early on began underground work for the facilities in the 194-home Crown Hill development.
LMC is a multi-family real estate development and operation company with a diverse portfolio of institutional quality multi-family rental communities across United State. LMC has a pipeline of up to 4,200 homes from communities ranging from operational to pre-development that exceed 16.8 billion dollars Of the high-rise and mid-rise apartments and a garden.
LMC creates extraordinary communities where people can live remarkably.
About Quadril Real Estate Group
QuadReal Property Group is a global real estate investment, operation and development company headquartered in Vancouver, British Columbia. Its total assets under management 67.1 billion dollars. From its founding in Canada As a full-service real estate operator, QuadReal has expanded its capabilities to invest in equity and debt in both the public and private markets. QuadReal invests directly through program partnerships and through operating companies in which it has an ownership interest. QuadReal strives to generate strong investment returns while creating sustainable environments that bring value to the individuals and communities they serve. Now and for generations to come.
QuadReal: Excellence is here.
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