Lorig Moving Ahead On Ravenna Court Apartments

SEATTLE-Lorig Associates is awaiting building permits for the redevelopment of the longtime Saxe Floral site at the corner of Northeast 65th and 25th, several blocks north of the popular University Village shopping center near the University of Washington.

Harold Javete, an owner of Saxe Floral and a project manager with Lorig Associates, says the $7.5-million project will include a 33-unit apartment building with 2,000 sf of ground-floor retail as well as 32 for-sale townhome units in eight three-story buildings.

Lorig expects to start construction at the Saxe site in the second quarter of this year and complete the project in early 2004. The Javete family will manage the apartment building. A residential brokerage firm will likely be hired to sell the townhome units. Construction financing is still being hammered out, but will likely come from a local bank.