Townview features nine moderately priced spacious apartment homes on the east side of Seattle’s Queen Anne Hill. The immediate neighborhood is primarily residential, with shops and services a short walk away. The property benefits from its proximity to the Gates Foundation, Amazon.com and biotech companies in South Lake Union. Upper floor apartments have views of Lake Union and downtown.
Upon acquisition in 2008, the property underwent cosmetic updates including interior hallway paint, exterior paint, and landscape improvements. Unit interiors were updated with new flooring, fixtures and adding dishwashers.
In 2012 the team created further value by building an additional apartment unit in underutilized storage space. As part of this work, a one-bedroom unit was also converted to a two-bedroom two-bathroom apartment by capturing former crawlspace.
The project was successfully sold in 2019