JPI, a developer of multifamily communities, announced the acquisition of a development site at 400 4th Ave. W in Seattle, Washington.
JPI, in partnership with Stream Real Estate LLC, plans to build a 10-story, 189-unit Class A community in the heart of the Uptown Neighborhood in Seattle. The project aims to provide larger, family-sized housing, with one-quarter of the units designated to two- or three-bedroom layouts.
“This project will create generous living spaces with meaningful outdoor amenities in an urban location with fantastic proximity to civic attractions, entertainment, arts, retail, and employment,” said Mollie Fadule, chief financial and investment officer at JPI.
The development has been designed to maximize outdoor amenity areas, connecting future residents to nature in a walkable, urban community. The 4th & Harrison land has a 40-foot change in elevation on the site. The project will feature sweeping views of Puget Sound, downtown Seattle, and the Space Needle. Construction is expected to start in Spring 2027.
Photo credit: Weber Thompson
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