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Downtown
It’s been hard not to notice the West Edge, a glass-dominated, 39-story tower sprouting up at the busy intersection at Second Avenue and Pike Street downtown. The Tom Kundig-designed tower will include 339 luxury apartments when complete, plus retail on the ground floor.
Although West Edge has many of the same amenities as many new apartment towers—a rooftop deck, a dog run, a gym—it attempts to stand out as especially luxurious, with larger apartment sizes and and extra-upscale upgrades to the common areas.
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Floorplans range from open one-bedrooms at just over 500 square feet to a 2,703-square-foot, three-bedroom penthouse—although many of the units fall in a roughly 800-to-1,400 range. The units feature floor-to-ceiling windows, luxury appliances and finishes, and plenty of bathroom space—there’s at least one bathroom for every bedroom in this tower.
The eight penthouses, located on the top two floors, have customizable finishes.
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Access to nature starts on the ground floor, with a seven-story atrium occupied by a live Tsuma Gaki tree. This story also has a concierge and a fireside lounge.
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Other amenities pop in at the eighth floor, with a terrace designed for dogs, and on the rooftop deck, where the tower’s fitness center is designed for views. The roof-level amenities also include a library and entertainment rooms.
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The eighth-floor space also includes restaurant space with outdoor dining and water views.
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The building, developed by local real estate group Urban Visions, is set to open within the next couple of months. Rental listings for the building show prices starting around $2,000.
This article initially referred to the West Edge as the West Edge Tower.
- West Edge Seattle [Urban Visions]
By
PGIM has made a big investment into downtown Seattle. In a deal that was finalized February 11th, but just recorded, the asset management arm of Prudential Financial purchased an apartment tower known as West Edge for $293 million, or about $849,475 per unit. Public records show that the seller was an entity affiliated with Urban Visions Sustainable Real Estate.
The 39-story tower is located at 1430 Second Ave. Built in 2018, the asset includes 345 one-, two- and three-bedroom units, according to Apartments.com. Residences range in size from just over 500 square feet to more than 2,700 square feet, while rents begin at about $2,100 per month.
Community amenities include two entertainment suites, car wash stations, indoor pet lounge and outdoor pet terrace, an eight floor lounge with terraces and grills, a fitness club, and a second lounge on the 39th floor.
“West Edge is perfectly situated in the center of it all, with incredible access to the city’s teeming array of business pursuits, entertainment venues and cultural interests,” the community’s website states. “Your choice of one- and two-bedroom and Penthouse level homes are part of the awe-inspiring Seattle skyline, designed by internationally-renowned architect Tom Kundig. West Edge is perfectly balanced on the edge of where you want to be and what you want to do.”
PGIM had invested heavily in the Puget Sound over the past year, not just in multifamily but in other commercial assets. In March of 2021, the firm paid $169 million for Microsoft’s Advanta Campus in Bellevue. The deal was part of a joint venture with Talon Private Capital. In September, PGIM sold two apartment complexes–Vantage Park at First Hill and 700 Broadway–for a combined $68.4 million. In December, it acquired a 166-unit Tukwila senior living community for $85 million, or about $512,000 per unit.