Joint Venture Moving Forward on 249-Unit Residential Tower in Downtown Seattle

SEATTLE, Mar 12, 2012 (BUSINESS WIRE) -- Seattle-based companies Goodman Real Estate and Harbor Urban, LLC, along with equity partner Capri Capital Partners, LLC, announced today the purchase of the property at 1915 Second Ave. in Seattle where construction will begin in April on a 24-story multifamily mixed-use project called Viktoria Apartments. The total cost to develop the project, scheduled for completion by the end of 2013, is approximately $95 million.

When it's complete, Viktoria will be one of the tallest multifamily projects ever built in the centrally located, pedestrian-friendly Belltown neighborhood. Viktoria will offer 37 studios, 176 one-bedroom units, 36 two-bedroom units, 3,690 square feet of street-level retail, and 138 parking stalls of above- and below-grade parking. The project has been designed for today's environmentally minded, sophisticated urban renter, and includes a wide range of on-site amenities and upscale interior finishes.

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