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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Beau Krueger
Associate Director
beau.krueger@berkadia.com
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
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Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
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Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
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Fully-Permitted Site in an Irreplaceable Location Steps from Lake Union
Address
City, State, Zip
Units Proposed
Total Lot Size
Overlay
Parking
Parcel Nos.
Zoning
3421 Woodland Park Ave N & 3422 Albion Pl N
Seattle, WA 98103
132
13,000 SF / 0.30 acres
Fremont Hub Urban Village
22 Proposed, None Required
1825049059, 182504-9060
NC2-75 (M1)
Project overview
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
contact
Phone: 206.521.7220
Fax: 206.521.7222
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Shovel-Ready in an Irreplaceable Location
Fully-permitted 13,000-SF development site steps from Lake Union in Seattle’s hugely popular Fremont neighborhood
Surrounded by Amenities
One block from the Burke-Gilman Trail and booming Stone Way corridor with Brooks Sports HQ and world-renown restaurants; adjacent to Fremont Brewing; a quick walk to Google, Tableau Software, and Adobe; 10-minute bike ride from the University of Washington
Fully-Permitted for 132 Units
Permits in-hand, a preliminary analysis by Hybrid Architecture supports the development of 132 units across 8 stories; garage parking for 22 vehicles proposed
Thoughtful Design
Capitalizing on location, the proposed project will feature rooftop amenity space with sweeping views of Lake Union, Downtown Seattle, Fremont, and beyond; attractively diverse mix of studio, one-bed, two-bed, and live/work units proposed
/ Site zoning is NC2-75 (M1) with Fremont Hub Urban Village overlay, located in a frequent transit area
/ Proposed designs have frontage on Woodland Park Avenue N, one block off of principal arterials Stone Way N and N 34th
/ No parking required, but below-grade garage with parking for 22 vehicles is proposed in initial designs
/ Adjacent to Burke-Gilman Trail and 7-minute walk from Fremont’s central transit hub
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Consistently Strong Rental Demand
Surging population surrounding the property in conjunction with its irreplaceable location support strong future rental demand by attracting working professionals who value proximity to amenities, employers, and transit options
Fully-Permitted Site in an Irreplaceable Location Steps from Lake Union
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Consistently Strong Rental Demand
Surging population surrounding the property in conjunction with its irreplaceable location support strong future rental demand by attracting working professionals who value proximity to amenities, employers, and transit options
/ Location highly appeals to professionals working in South Lake Union, Downtown Seattle or the University District
Artur Otto
Associate Director
artur.otto@berkadia.com
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
artur Otto
Associate Director
artur.otto@berkadia.com
Beau krueger
Associate Director
beau.krueger@berkadia.com
Chad Blenz
Senior Director
206.491.3826
chad.blenz@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
INVESTMENT ADVISORS
MORTGAGE BANKING
Our team
Back to Top
View Listings
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
contact
Phone: 206.521.7220
Fax: 206.521.7222
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
/ Location highly appeals to professionals working in South Lake Union, Downtown Seattle or the University District
/ Project will provide high quality housing to a rapidly growing area, extending the multifamily density surrounding the site
/ Project will provide high quality housing to a rapidly growing area, extending the multifamily density surrounding the site
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
/ Site is completely vacant and shovel-ready for 132 SEDUs, studios, and one-bed apartments averaging 315 SF
/ Site is completely vacant and shovel-ready for 132 SEDUs, studios, and one-bed apartments averaging 315 SF
