Location: Seattle (Fremont)

Size: 171 residential units

Owners: Harbor Urban; The Carlyle Group

Status: Completed & Sold

Completed on time and substantially under budget, Velo leased up at rents exceeding projections. Velo features a business center, fitness rooms, and market-leading bicycle infrastructure. 

Capitalized with Ray, the two projects finished with no injuries, broad closure letters in regards to contaminant removal, over $6MM in realized savings, and NOIs above expectations.