Updated: Construction crews broke ground today on Broadstone Koi, a 166-unit apartment complex at 1139 NW Market Street.
The complex will “reflect the changing needs of renters,” Jennifer Spangler emails, “As more young professionals postpone home ownership for longer periods of time, preferring to rent until they’re ready to take on a mortgage, their lifestyle tastes are being reflected in today’s apartment design: cool, urban environments, quality amenities and a sense of community.”
The new building will have community spaces with flat screen TVs, a 24-hour fitness center, business and conference rooms and game rooms with wet bar. There will also be a ground-level outdoor courtyard with a fire pit and a rooftop deck with grilling areas and views. Above the third floor, most units will have views of Salmon Bay, Mt. Rainier, the Olympic and Cascade Mountains, Puget Sound, the Ballard Locks, Fremont and the Space Needle.
“Ballard is one of the most exciting and eclectic neighborhoods in Seattle,” says Dan McCadden, Partner/Managing Director of Development for Alliance. “It’s a magnet for young, well-educated ‘renters-by-choice,’ who enjoy being close to the city, yet also value the convenience of living in an established area surrounded by shopping, nightlife and restaurants. Residents of Broadstone Koi will benefit from the location and the amenity package Alliance has designed for this building.”
The project is slated for completion the first quarter of 2013.
Earlier:Another apartment complex will soon break ground just down the road from the Sunset Bowl site, according to the Daily Journal of Commerce.
The DJC is reporting that developers plan to break ground this week on the Broadstone Koi, a 180 unit apartment complex. This project is at 1139 NW Market, just east of the Firestone Tire store.
We stopped by this afternoon and found a excavator on site, but no movement. (Thanks Chris for the tip!)