Accoring to the Seattle Daily Journal of Commerce, Renton based Isola Capital Management is planning on constructing two 4 story apartment buildings in Queen Anne. One of the buildings will be located at 521 2nd Ave. W., which currently has a 5,000 sq. ft. structure occupied by the Queen Anne law firm of Eklund Rockey Stratton. The building will be razed and the new structure will contain 33 apartments, 3 live-work units and 7 parking spaces.
The other building will be at 2556 14th Ave. W. with 28 apartments and 23 parking spaces. The unts in both buildings will range from 450-665 sq. ft. Caron Architecture is involved with the design of both structures.
This continues the trend of apartment projects in the city due in large part to anticipated demand from all of the new hires at Amazon and other local tech companies. With the cost of buying so low right now with current interest rates it will be interesting to see if the term “overbuilt” comes into play in the near future.