A team of multifamily real estate experts, Carmel Partners employs an entrepreneurial spirit and an integrated development platform to create and enhance properties across the nation. The firm works collaboratively, with in-house teams responsible for development, investments, asset management and construction. Uniquely skilled in these and other areas, Carmel Partners turns compelling investments into state-of-the-art properties through a robust team of construction specialists.
In Los Angeles, Carmel Partners applied this expertise to transform 4.06-acres into a modern apartment complex known as ‘Linea,’ comprised of one 10-story building and three six-story buildings. Executed by Carmel Construction, the towering apartment now stands as a recognizable landmark in West L.A., serving residents with a collection of hotel-inspired amenities.
Applying the same vision and precision up the Pacific coast in Seattle, Washington, Carmel Construction breaks ground on their newest development project, ‘The Victor.’ Beginning with on-site demolition, the team will prepare the 0.66-acre site for a 5-story, 85-foot framed building on 1100 Boylston Avenue. The structure will perch above a subterranean parking garage, with 10,380-square-feet of amenities towering above, including a first-class lobby, fitness center, coworking lounge, clubroom, sky lounge and roof deck. With these amenities incorporated into the relatively small community, residents will enjoy the benefits of apartment-living in an intimate environment.
Bordering Capitol Hill and First Hill, Carmel Partners designed The Victor to complement the neighborhood’s historic charm with the blending of old and new. A contemporary design flowing through its exterior and interior spaces, The Victor will pay homage to neighborhood architecture by providing an elevated façade comprised mainly of brick. Through a tastefully eclectic collection of design features, Carmel Partners will establish a brand at The Victor that captivates the neighborhood’s dynamic diversity.
Carmel Construction will finish The Victor’s 227 apartment units, including vinyl wood-style plank flooring, full-height tiled backsplashes, open floor plan design and a refreshing wall color throughout. Ranging from studios to two-bedroom spaces, the property’s apartments will be an ideal space for the modern renter in search of a refined lifestyle.
The Victor benefits from proximity to competitive employers in the area, including Amazon, headquartered just over one mile from the property. The metropolitan area also houses numerous other tech-focused employers including Microsoft, Google, Facebook, and Airbnb conveniently located nearby. There are also a handful of nearby medical employers, such as the Swedish Hospital, Harborview Medical Center and Nordstrom Medical Tower.
As residents traverse throughout the city, The Victor’s advantageous location will offer heightened connectivity to major employment centers, as well as popular dining, nightlife, entertainment and recreational destinations. With exceedingly high scores for walking and biking and a Whole Foods across the street, the need for a car for quick errands is eliminated. Also found nearby are over 100 bars and restaurants, ranging from casual to gourmet, and an abundance of urban parks, including the renowned Cal Anderson Park.
Seattle’s well-established transit system also eases transportation from place-to-place, including the King County Metro Bus System, the Seattle Trolley and the Sound Transit Light Rail. Sitting just seven blocks from the site is the Capitol Hill Rail Station, with a route that connects the University of Washington to the Sea-Tac Airport.
The Project is expected to take 23-months to complete and will add a lively and sophisticated presence to one of metropolitan Seattle’s most coveted neighborhoods. Construction is already underway, and Carmel Partners is excited to be joining Seattle’s thriving Capitol Hill community.
About Carmel Partners
Carmel Partners is one of the leading specialists in real estate investment management with a focus on U.S. multifamily acquisition and renovation, and development and construction. The company also specializes in debt and lending opportunities. Carmel Partners, LLC was founded in 1996 and has offices across the country, including San Francisco, Los Angeles, Irvine, New York City, Seattle, Washington D.C., and Denver. For more information, please visit www.carmelpartners.com.
