Today’s PI had a cover story on the shortage and high cost of apartments in Seattle, reporting that average rent is at an all-time high of $1071/month. The market is already responding — see my recent post that summed up 3217 new or planned apartment units coming to downtown Seattle. Below are several more that are new, under construction, or in the planning stages out in the neighborhoods. But even considering the law of supply and demand, it’s seems unlikely that many of these will rent for less than $1071/month.
AMLI 535, South Lake Union; 199 units; Trammell Crow Residential (sold to AMLI); designed by Weber Thompson (now open).
Alexan Greenlake (Albertson’s site); 205 units; Trammell Crow Residential.
Alexan Ballard on Market St between 15th and 17th Ave; 260 units (in two buildings); Trammel Crow Residential; designed by GGLO.
Park 71 (Vitamilk site), Greenlake; 280 units; Lorig Associates; designed by Hewitt.
Ballard on the Park (QFC Site) 2237 N.W. 58th St., Ballard; 268 units; Security Properties.
Broadstone Ballard, 1139 NW Market St; 163 units; Alliance Residential.
Thornton Place, Northgate; 238 units (plus condos); Lorig Associates; designed by Mithun.
The Chloe, 14th and Union on Capitol Hill, 117 units, designed by Runberg.
2203 East Union, Central District; 93 units; J C Mueller LLC; designed by Mithun.
2051 East Madison, Central District; 105 units; J C Muiller LLC; designed by Mithun.