Seattle Developer Plans 796-Unit University Village Site
Project Overview and Developers A massive transformation is unfolding in Seattle's urban environment. A new multifamily housing project, spearheaded by Quarterra Multifamily Communities, LLC, a subsidiary of Lennar Corporation, promises to redefine residential living near University Village. The project is backed by robust developer partnerships. This includes Lennar Corporation's multifamily division and Hawaii-based MacNaughton Inc., emphasizing a strategic blend of expertise and resources. Nomura Real Estate Development Co., Ltd. makes its debut in the Seattle market. As an essential investment partner, this marks its inaugural venture into this urban setting. Bellevue’s pro-growth policies can be a model of success, influencing strategic investment in burgeoning areas like Seattle. This collaboration showcases a well-crafted investment strategy. It capitalizes on Seattle's rising housing demand and urban growth. A master use permit has been secured for the 796-unit pr...