Union Bay Apartments
Union Bay Apartments is a 73-unit multifamily property in a prime submarket of the core Seattle metro area, South Lake Union. The property was built in 1994 and consists of generously-sized studio, one, and two bedroom units, including 2,976 square feet of commercial space and one of the largest roof decks in South Lake Union with views of the Space Needle and Lake Union.
South Lake Union is a fast-growing technology and bioscience hub to companies like Amazon, Dropbox, Google, Facebook, WeWork, the Paul Allen Brian Institute, Fred Hutch Cancer Research, and Zymogenetics.
In January 2017, Champion acquired the property for $24m with plans to refresh the units and unlock additional value by installing local management to bring it to Class “A” quality.