Viva

JLL, as an exclusive advisor, is pleased to present the opportunity to acquire Viva, an institutional-quality apartment community in Seattle’s most vibrant and amenity-rich neighborhood.

Built in 2014, Viva (the “Property”) offers 105 units including studios, open 1-bedrooms, 1-bedroom, 1-bedroom den, and 2-bedroom units. The offering represents the opportunity to acquire an asset at an attractive discount to replacement costs in a market with a forecasted near-term supply-constraint and highly ranked employment growth.

In the heart of Capitol Hill, Viva’s convenient location is close in proximity to downtown Seattle and South Lake Union – the epicenter of Seattle’s job engine. Residents are also within minutes to Seattle’s healthcare sector on First Hill, anchored by Swedish Hospital, Virginia Mason, UW Medicine, and the Polyclinic. The Property’s transit-oriented location is also serviced by a host of amenities including the Capitol Hill Light Rail Station which can take residents to downtown Seattle in under 10 minutes, and the First Hill Streetcar providing direct access to Pioneer Square, First Hill, and popular night-life hubs in the Pike-Pine corridor. New ownership also stands to benefit from the 14-mile East Link Light Rail expansion that will provide quick access to the Eastside beginning as early as Fall 2025. The enhanced public transportation amenities will augment Capitol Hill’s access to key technology employers on the Eastside.

Offering residents a premium live, work, play lifestyle that epitomizes the Pacific Northwest with over 1.6 million square feet of restaurants and retail establishments has earned Capitol Hill a reputation as one of the hottest “going-out” hubs in town. The neighborhood boasts an impressive array of dining options, ranging from casual cafes to award-winning restaurants, satisfying even the most discerning foodie. With its picturesque parks, bustling markets, and welcoming community spirit, Capitol Hill truly captures the essence of Seattle’s dynamic and creative energy. Due to Capitol Hill’s ample retail amenities, transit connectivity, and proximity to the region’s densest employment districts, Viva attracts a demographic profile that is young, affluent, educated, and has a high propensity to rent.