The Bristol at Southport provides investors a rare opportunity to purchase a trophy multifamily property of scale with 383 units located on Lake Washington in the preferred Eastside submarket of the Seattle metro region.
Completed in two phases, Bristol l in 2002 (188 units) and Bristol ll in 2009 (195 units), The Bristol at Southport presents an irreplaceable, one-of-a-kind investment with significant upside potential.
The Properties are part of Southport’s vibrant mixed-use urban campus, comprised of over one million square feet of new adjacent buildings of the highest quality, including what is considered the finest full-service hotel in the state, the Hyatt Regency, voted the best hotel in the high tech corridor by 425 Magazine.
Future occupancy of the newly finished Class A office will bring 4,500 employees to the Southport campus. Directly across the street, The Landing, a 46-acre lifestyle center with restaurants, shopping and entertainment venues provides excellent amenities.
The location also provides unparalleled access to multiple employment centers in Renton, Kent Valley, Seattle, and the Eastside’s Innovation Triangle. Bristol I and II are also adjacent to Gene Coulon Park, a 57-acre waterfront park along the southeastern shores of Lake Washington.
The Bristol at Southport offers modern condo-quality podium product, not typically found in Renton. Most multifamily product in the Renton area was built in the 1980s in more isolated and less visible locations, with eight-foot ceilings, surface parking stalls and limited amenities. The Bristol at Southport, in contrast, offers nine-foot ceilings, modern kitchens, fireplaces in select units and walkability in addition to secure-access underground parking with 1.7X parking ratio.
The striking architecture incorporates modern and traditional elements in a design that is luxurious and inviting to prospective tenants. Best-in-class resort-style amenity spaces include a two-story fitness center, multiple resident lounges, business centers, well-manicured landscaping and courtyard, robust outdoor waterfront amenity spaces. Averaging roughly 800 square feet, the apartment homes are generous in scale, especially when compared to new urban product, and most homes feature oversized balconies and patios.
» Extremely rare Lake Washington waterfront location
» Private dock with cabanas and short-term boat storage
» Grand entry
» Two-story state-of-the-art gym
» Concierge service
» 2 spas in sundeck
» BBQ and picnic area on the sundeck
» Rooftop deck
» Multiple on-site restaurants
» Multiple resident lounges with gaming, entertaining kitchens, fireplace, and well-appointed furniture
» Conference room
» Business center
» Serene gardens
» Manicured landscaping and courtyard
» Dog park and pet stations
» Four Star Hyatt Regency on campus
» Adjacent to 57-acre Gene Coulon Park
» Across the street from the Landing
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