Construction is underway on the two-building, 301-unit Stazione:25 apartment complex near the Mount Baker light rail station in Seattle’s Rainier Valley. The complex will offer studio and one- and two-bedroom apartments, a lounge, a media and gaming room, a 24-hour fitness center, a rooftop deck and underground parking.
Mount Baker Associates LLC, owned by Michael D. Ross and Robert Spitzer, secured a $76M Department of Housing and Urban Development loan in October for the project. Equity investment was provided by both local investors and EB-5 funds from foreign investors procured through Reve Development partner Christopher Chen.
Read more by clicking below image