Multifamily Project Aimed at Gateway Neighborhood Placemaking
Seattle, WA. – October 3, 2022 – Nitze-Stagen announced today that it is has purchased a new parcel in the Othello neighborhood for $3.1 million located at 4200 South Webster Street. When combined with the parcel to the north, 7350 Martin Luther King Way South, the total site will be 19,615 sq. ft
Nitze-Stagen is exploring an 8-story mixed-use building with approximately 236 workforce and affordable apartment units, underground parking, and ground floor retail along Martin Luther King Jr. Way South. The design team will be Neiman-Taber Architects. There are no further project details to announce currently with no set timeline for design and development.
The site is in proximity to 7324 Martin Luther King Jr. Way South, a 271-unit apartment building of which Nitze-Stagen principals are sponsors and were involved with its design. That project is slated to start construction soon.
“We were approached by the current owners of 4200 Webster because they liked our community place making design for 7324 Martin Luther King Way,” said Daniel Gallagher, President of Nitze-Stagen. “This is a rare, off-market purchase in a neighborhood that we have come to admire for its muti-cultural story both past and present, connection to recreational activities and parks, and its easy access to all things regional, with the light rail access. It was a parcel that we couldn’t pass up to purchase and hold.”
“It is also a corner site which we think is one of the best remaining development parcels in Othello,” added Gallagher.
This will be Nitze-Stagen’s third land purchase in the Othello neighborhood with 7350 MLK Jr. Way and 4001 South Willow having just passed Design Review. South Willow includes 196 attainably priced apartment homes with significant public placemaking, such as a landscaped public plaza and curated art designed to depict Othello’s anthropological history.
“When we purchase a site, we invest significant time in getting to know the community, stated Lisa Nitze, Principal at Nitze-Stagen. “It’s important that the design of a future building reflects a neighborhood’s history and culture while also serving as a community catalyst. We have spent a great deal of time getting to know the Othello community and we were thrilled when the owners of 4200 Webster approached us.”
“It is a gateway site that when ready will enable us to feature distinctive design elements that contribute to the neighborhood while also anchoring a prominent corner with visual interest.”
The project is part of Nitze-Stagen’s multi-family portfolio that is focused on developing high-quality, financially attainable, mixed-income rental housing that contributes to the vibrancy of the communities in which they are located. A portfolio that includes more than 1,000 apartment units in development.
Nitze-Stagen’s other mixed-use residential projects are located at 900 Rainier Avenue South which will break ground in November and 4001 South Willow Street awaiting the Master Use Permit.
“Southeast Seattle offers something special with walkable access to light-rail stations, diverse shopping and restaurant offerings, and many public parks and greenways. It’s a global community and we are pleased to be investing in the collective future of one of our city’s most diverse communities,” concluded Gallagher.