|\ INVESTMENT & DEVELOPMENT \ MULTIFAMILY|
Developing and re-developing multifamily apartment homes is a central part of Unico’s business platform.
Currently, Unico is constructing NV (www.nvportland.com), a 26-story, 275-unit, Class-A+ apartment development in Portland, Oregon’s Pearl District. Located at NW 12th and NW Overton, NV residents can anticipate 360 degree views of the Portland cityscape, Pearl District, Fremont Bridge, eastern mountains, and West Hills. The sophisticated and modern design consists of ample daylighting, market leading amenities, and multiple sustainable features including an eco-roof. Drawing on the neighborhood's industrial roots, the design will draw in elements that are reminiscent of this warehouse district – including an elevated sidewalk. All Unico developments target sustainability and NV is seeking LEED® certification upon completion of the project, scheduled for mid-2016.
Unico developed a 236-unit apartment site in Seattle’s Interbay neighborhood named Slate. After a successful opening and lease-up, the property was sold in 2013.
George F. Russell, Jr. Hall (www.russellhallatuw.com) was completed in 2009 in Seattle’s University District, adjacent to the University of Washington. The mixed use development offers 30 studio and one-bedroom apartments with views of downtown, Lake Union, Portage Bay, and the University District. Russell Hall is surrounded by shopping, academic, and restaurant amenities. The building is located near numerous bus routes, offers on-site bicycle storage and electric car chargers, and is LEED® Gold certified.
In December 2008, Unico completed a multifamily development in the Pearl District. Asa Flats + Lofts (www.liveatasa.com) is a 231-unit apartment complex that encompasses a full city block and features retail on the ground level. The property experienced a highly successful lease-up during one of the most challenging real estate and credit markets that the U.S. has ever known. The strong, yet playful, Asa brand and the quality of the apartments contributed to the overall success, as well as its prime urban location. Asa is LEED® Gold certified - marked by details like efficient operating systems, energy-efficient lighting and daylighting, low VOC materials, and an eco-roof. This property was sold in 2014.
Unico redeveloped The Cobb (www.cobbapartments.com) in downtown Seattle, converting a 1910 building from medical office to luxury, urban apartments. The building opened to residents in July 2006 and was fully leased in three months. It continues to garner high demand as a downtown residence. Listed on the National Register of Historic Places, The Cobb’s Beaux Arts design features its signature Indian heads and brick and terra cotta shell. The building was awarded LEED® Silver certification for its sustainable adaptive reuse of an historical building.
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