SEATTLE, Sept. 7, 2017 /PRNewswire/ -- LMC, a leader in
apartment development and management, today announced the topping
off of two luxury apartment communities, Valdok and Axle, in
Seattle. Structural framing was
finished at Valdok's first building in the city's Ballard
neighborhood on Aug. 10. Axle,
located in the Interbay neighborhood, topped off on Sept. 1.
Valdok, a seven-story luxury development, will feature 178
apartment homes. Axle, which is pursuing LEED Gold certification,
will offer 226 apartment homes contained within eight stories.
First move-ins at Valdok and Axle are anticipated during the summer
of 2018.
"Seattle is a tremendously
strong multifamily market with a lot of development ongoing. We are
thrilled with the timely progress being made at both of these
communities," said Brad Reisinger,
divisional president of the Pacific Northwest for LMC. "We believe
these communities not only will meet the market demand for
exceptional housing, but will exceed market expectations for
state-of-the-art amenities and a vintage Seattle living experience."
Situated at 1701 NW 56th Street, Valdok's two buildings are
located across 56th Street from one another in northwestern
Seattle. The community design was
inspired by the Valdok family's deep Scandinavian roots and
heritage, and embraces the neighborhood's Northern European history
as it continues to evolve. The community is near a working
waterfront bustling with some of Seattle's trendiest bars, shops and dining
spots. Ballard's convenience to downtown jobs via the Ballard
Bridge and 15th Ave NW makes it appealing to those who
work downtown or in South Lake Union but aspire to experience a
quintessential Seattle
neighborhood.
Axle, located at 3230 16th Avenue West, links the Queen Anne,
Magnolia and Ballard neighborhoods. The area has become a
burgeoning hub for multifamily communities. A city thoroughfare in
itself, the Interbay neighborhood provides immediate access to a
variety of retail, entertainment districts, parks, trails and
waterways. The community is a short drive from Seattle's largest park, Discovery Park, and is
approximately one mile from Expedia's new headquarters campus via a
dedicated bike path.
Valdok will consist of studio, 1- and 2-bedroom apartment homes
with den layouts available, ranging in square footage from 485 to
1,384. Axle will consist of 1- and 2-bedroom apartment homes with
den layouts available, with a square-footage range of 510 to 1,340.
Both communities will have common-area amenities that include a
clubhouse with full kitchen and gaming area, co-working spaces with
state-of-the-art technology, top-of-the-line 24-hour fitness
centers, pet parks with dog wash and grooming stations, rooftop
decks, fireplaces and BBQ grills, outdoor lounge areas, 24-hour
package service and offer bike storage and additional storage.
Apartment interiors at both Valdok and Axle will be equipped
with quartz countertops, designer lighting, stainless steel
high-end kitchen appliances, hardwood-style plank flooring,
full-size washers and dryers, ceramic tile tub surrounds, lighted
mirrors, and under-cabinet lighting. Select units will offer a
suite of smart-home features.
Including Valdok and Axle, LMC has over 2,500 apartment homes in
operation, under construction or in late planning stages in the
Pacific Northwest. Included is Valdok II, which is under
construction and scheduled to open in 2019. LMC recently completed
Atlas in Issaquah, Wash, The
Whittaker in West Seattle and
Twenty-20 Mad on Capitol Hill in Seattle. LMC will also begin construction on
three more communities in the Pacific Northwest over the next year,
including its two-tower North Block development on First Hill as
well as communities in Kirkland,
Wash. and Portland,
Ore.
About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a
multifamily real estate development and operating company with a
diverse portfolio of institutional quality multifamily rental
communities across the US. LMC has a 23,000-unit pipeline of
communities ranging from operating to under development that
exceeds $7 billion and consists of
high-rise, mid-rise and garden apartments.
LMC creates extraordinary communities where people can live
remarkably.
www.LiveLMC.com
Media Contact
Lindsey
Bernhardt
LinnellTaylor
Marketing
303-682-3941
lindsey@linnelltaylor.com
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SOURCE LMC