(Mark Your Calendars: RealShare Apartments 2011, October 20 in Los Angeles).
SEATTLE-The Schuster Group has broken ground on its new apartment development in the University District, Muriel's Landing. The project is a seven story mixed-use building consisting of 97 residential units and ground floor retail.
The Schuster Group would not provide GlobeSt.com with construction costs at this time, but notes that it plans to complete the building in November 2012. “We're very excited about this project and about being a part of the revitalization of this portion of the Ave.,” says Mark R. Schuster, CEO of the Schuster Group.
Muriel's Landing sits on University Way on the 52nd Street block, and will provide housing for the academic community and those who work near the University of Washington. The project is being built to Built Green 4 Star standards and will feature a sustainable modern collegiate design with touches of European influence. The property will also feature shops and plans for a restaurant at street level.
Leasing will begin spring 2012. Muriel's Landing was designed by Caron Architects of Seattle, and is being constructed by Compass Construction. The Schuster Group has partnered with the Benaroya Co. as the finance partner for this project.
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