Aspira (building) explained

Aspira
Address:1823 Terry Avenue
Location:Seattle, Washington
Status:Completed
Start Date:2007
Completion Date:2009
Opening:March 2010
Building Type:Retail/Residential
Roof:400sigfig=3NaNsigfig=3
Floor Count:37
Elevator Count:3
Unit Count:325
Floor Area:346000square feet
Architect:LMN Architects
Main Contractor:Turner Construction
Developer:Urban Partners
Owner:TIAA
Coordinates:47.616°N -122.3335°W
Map Type:Seattle WA Downtown
References:[1] [2]

Aspira is a 400feet skyscraper in the Denny Triangle neighborhood of Seattle, Washington. It has 37 floors, and mostly consists of apartments, of which there are 325 units. Parking spaces total 355. Construction began in 2007 and was completed in late 2009. The building is located on Stewart Street at Terry Avenue.

History

Urban Partners first proposed a 37-story residential and retail tower on the parking lot of the Gethsemane Lutheran Church, located south of the intersection of Stewart Street and Terry Avenue,[3] in July 2006.[4]

Construction on the tower began in 2007. The project was completed in late 2009 and opened to tenants in March 2010.[5]

Aspira was originally intended to be a luxury condo building, but it was changed into an apartment rental building due to market conditions in 2009. At launch, the apartments in Aspira were significantly better than average Seattle apartments at the time, featuring concrete floors, air conditioning, private balconies, and large panoramic windows.

In November 2012, the tower was sold to TIAA-CREF for $165.7 million, setting a new regional record with a per-unit price of $509,760.[6]

See also

External links

Notes and References

  1. Web site: Emporis building ID 316167 . https://web.archive.org/web/20150925184323/https://www.emporis.com/buildings/316167 . dead . September 25, 2015 . Emporis.
  2. http://lmnarchitects.com/work/1823_terry_avenue_residential_tower Aspira High-Rise Residential Tower
  3. News: June 13, 2008 . State keeps two Seattle construction cranes shut down . . September 1, 2016.
  4. Web site: July 26, 2006 . Permit & Complaint Status: Project # 3003807 . Seattle Department of Planning and Development . September 1, 2016.
  5. March 19, 2010 . Aspira Apartments Open This Weekend, under Budget and Ahead of Schedule . The Keller Group . . September 1, 2016.
  6. News: Stiles . Marc . November 2, 2012 . TIAA-CREF is buyer of Aspira downtown Seattle apartment tower . Puget Sound Business Journal . September 1, 2016.