Joint-Venture between Legacy Partners and Resmark Apartment Living Brings 209 Residences to Mercer Island Town Center
SEATTLE (August 3, 2016) — Legacy Partners, a privately owned national real estate firm, in partnership with Resmark Apartment Living, announced the start of pre-leasing at the 209-unit Hadley Apartments in Mercer Island. The project, which began construction in 2014, will yield over 152,000 square feet of residential space and 9,200 square feet of commercial space.
“Hadley is a great addition to the Town Center, the dynamic and evolving hub of Mercer Island,” said Kerry Nicholson, Senior Managing Director of Legacy Partners. “With the future arrival of light rail that will connect Mercer Island with downtown Seattle and Bellevue, we are able to provide residents the opportunity to live in the heart of Mercer Island with easy access to the thriving economic and entertainment centers of Seattle and Bellevue – they can enjoy the best of both worlds!”
With an expected completion of Fall 2016, Hadley will provide residents state-of-the-art appliances and finishes, as well as an abundance of amenities including a fitness center, media room, conference room, lounge, and a rooftop deck complete with a barbeque and fireplace. Residents will also enjoy close proximity to the Metro Transit Park n’ Ride for easy transportation to the greater Seattle area. Units will range from studios to two-bedrooms and will rent from just over $1,500 to just below $3,000. The five-story project will also feature ground-floor retailers Mioposto, Orange Theory Fitness, Freshy’s Local Market, and plans for an additional tenant coming soon. The planned parking garage will also contain 237 underground parking spaces.
Other projects recently developed by Legacy Partners in the Pacific Northwest include The Union in Portland, OR; Milehouse in Redmond, WA; and Bowman in Seattle.
About Legacy Partners
Legacy Partners, a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay area, owns, develops and manages multifamily communities throughout the United States. We have regional offices in California, Colorado, Texas, and Washington and have developed more than 65,000 apartment homes in Arizona, California, Colorado, Nevada, Oregon, Texas and Washington. Since our inception, we have worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently returning exceptional results.
In addition to development, Legacy Partners provides management services for our own portfolio, as well as other owners. Combined, we manage a portfolio of over 60 multifamily communities with more than 14,000 apartment homes, and with a gross value in excess of $2 billion. For further information, please visit legacypartners.com
About Resmark Apartment Living and The Resmark Companies
Founded in 1995, Resmark is a fully integrated real estate investment group. The Resmark Companies' divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in California, the Western United States, D.C./Mid-Atlantic region, and other select major metropolitan markets nationwide. To date Resmark has participated in more than 200 investments encompassing approximately 30,000 single-family and multifamily residential units, and has committed approximately $3 billion of capital. Headquartered in Los Angeles, Resmark also maintains offices in San Diego and Irvine, California and McLean, Virginia. For additional information, please visit www.Resmark.com
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