On the Park Apartments

Region:West
Location:Seattle, WA
Acquired/Developed:2007
Property type:Apartment
Sq. Ft./Units:268
On the Park Apartments
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The project is located in the Ballard neighborhood of Seattle at the corner of 24th Avenue NW and NW 57th Street.  It will consist of an eight story mid-rise structure containing 268 rental apartments, a 41,000 square foot QFC (Kroger) grocery store and 411 parking spaces.  The property is being developed on a 1.46 acre parcel under a long-term ground lease.  The surrounding neighborhood, which was originally settled as a Scandinavian enclave, is currently in the midst of gentrifying as a number of for sale residential projects are being built.  the front of the site, 24th Avenue, is a 4-lane thoroughfare which features public transit.  To the rear of the site is Ballard Park, a small urban park which was built by the City of Seattle in 2006 and the new Ballard Public Library.