Properties / Alcyone

Alcyone was one of the pioneering catalysts that led South Lake Union from a dilapidated warehouse and industrial district to a thriving residential community. Being at the forefront, it was very important that our project team work closely with the neighborhood organizations to plan a project that would be embraced by its new community and set the tone for the following residential development as the neighborhood grew. One of our ideas was to create a notch in the building to ensure the Space Needle could always be seen from Cascade Park. Two different facades were designed for the long front of the building, making it seem smaller and less daunting. Townhomes with individual stoops and live/work lofts were incorporated to support an activated and animated sidewalk. The company formed a public-private partnership with the city of Seattle, PEMCO and Vulcan Real Estate to revitalize the park. A sustainable, active and amenity-rich park was designed and constructed — a gathering spot and the pride of the community.

Being a pioneer is difficult, but Alcyone surpassed expectations, reaching 95% occupancy in just over a year with rents that had never been attained in this neighborhood. The project is also the first LEED-certified market rent apartment building in the city of Seattle.