Seattle Commercial Real Estate News of the Day

Wednesday, September 28, 2011

Seattle Times Daily Journal of Commerce Headline
Default on empty PacMed building Schuster Group is building 97 apartments on The Ave
U District apartment project started The Schuster Group has broken ground in the University District on Muriel’s Landing, which will have 97 apartments and ground floor retail in a seven-story building on University Avenue near 52nd Street.

Completion is set for November of 2012 and leasing will start next spring.

Muriel’s Landing was designed by Caron Architects of Seattle and the contractor is Compass Construction. The Benaroya Co. is providing financing.

The Schuster Group said in a press release that the units will be designed for university students and staff as well as people who work near the University of Washington. It will meet Built Green 4 Star standards, with a “modern collegiate design.” There will be space for shops and a restaurant at street level.

More information is at

The Schuster Group is also planning a 12-story project in Belltown. Via Architecture designed Joseph Arnold Lofts for the northeast corner of Cedar Street and Elliott Avenue. The developer said construction is expected to begin the first quarter of 2012.

The Schuster Group is a real estate investment, development and merchant banking firm headquartered in Seattle.

Fourth-quarter watch: Big items for Seattle
Puget Sound Business Journal
Developer sought for ‘Nalley Valley’ cannery site in Tacoma
Wendelken out as Marcus & Millichap Seattle leader
SEA adds 35K jobs in past year, nation’s fifth-biggest gain
Home prices post seasonal gains, annual losses
Amazon unveils $199 Kindle Fire tablet
Unemployment rates fell in majority of US cities
Other News
Kidder Matthews Recruits Four Brokers in Bellevue Office
Tech industry driving demand for Seattle office space, jobs
Groundbreaking on North Lot begins new era for Pioneer Square
Property Pulse Widening Gap
Filling the Void Left by Borders
A Small Retailer Tries to Get a Foothold in the Country’s Biggest Market


About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
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