A joint venture between Lowe Enterprises and Alecta has started construction of Luma, a 24-storey, 168-unit condominium tower at 1321 Seneca Street on Seattle’s First Hill in US.
Luma is designed to fit the needs of creative urban professionals and is the first condominium high-rise to be built on First Hill since 1982, the company said.
The building has been built to LEED Silver standards using the most current sustainable building practices and products. It will feature a mix of studios, one-bedroom and two-bedroom residences, as well as four top floor penthouse homes.
The 168 condos will range in size from 600 to 1,700ft² with prices starting in the mid $300,000s.
“The First Hill neighborhood, with its concentration of medical, educational and research facilities, has the highest job density in downtown Seattle.”
Lowe Enterprises Real Estate Group senior vice-president Suzi Morris said: “The First Hill neighborhood, with its concentration of medical, educational and research facilities, has the highest job density in downtown Seattle.
“Its proximity to the vibrant Pike / Pine triangle and multiple rapid transit lines make the location extremely desirable. Yet the area is experiencing a shortage of new for sale condominium properties.”
The project, which will feature a community rooftop area and terraces with views, is three blocks from the new streetcar line providing residents easy access to neighbouring communities, employment areas and entertainment venues.
It will also have a resident fitness centre, pet facilities and special areas for bike storage with a five-level underground parking garage.
Sales are anticipated to start next spring with construction of the project scheduled to be completed in the summer of 2016.
Red Propeller and McAvoy Real Estate are managing the marketing and sales of the condominiums.
McAvoy Real Estate owner Julie McAvoy said: “First Hill has excellent access to downtown, the Denny Triangle, South Lake Union and at project opening, a new transit tunnel connecting downtown to the University of Washington.
“First Hill is a great neighbourhood for people who want to live near these major employment centres but also seek the unique character and diversity that distinguishes First Hill and the Pike Pine Corridor.”
Under the project, Lease Crutcher Lewis is the general contractor, Weber Thompson is oversseing the architecture, interior design and landscape architectural services, while Magnusson Klemencic Associates is responsible for providing structural and civil engineering.