Stunning Design Paves the way as the first new development along Union Bay Place NE
Seattle, WA – September 21, 2016 – ZQH Investments today announced that they are starting construction on a six-story, 244-unit, mixed-use condominium project located at 4603 Union Bay Place NE.
The residential building will replace a vacant old warehouse and small office building on the site which is located between University Village mall and the Burke Gilman Trail.
This is the first development for ZQH in Seattle but the team has experience in China. Allen Zeng, who heads ZQH, has built over 700 units in China and said he is looking forward to introducing a new design pallet to the Seattle area.
“U Place will not be your typical American condominium design,” said Zeng. “It will be influenced by an Asian use of space with clean lines, contemporary finishes, and an efficient floor plan that encourages customization of the space.” Homes will range between 395 to 900 sf. with 80-percent dedicated as studios for young millennials who want to make the jump from renting to home ownership.
ZQH has hired DLR Group to design the building and Chinn Construction as the contractor. Both firms bring an expertise to condominium development that is unsurpassed in the Seattle marketplace.
“This is the type of residential housing development that we need more of in Seattle,” said Jim Beckett with DLR Group. “Allen Zeng and his team are building a sophisticated, high quality residence and commercial venue, offering an affordable path to ownership and increasing density where the City has prepared for it. The building will benefit from immediate access to incredible retail, employers, great recreation, and transit options.
The L-shaped site, with limited street frontage, allowed us to be creative with the retail and restaurant experience by developing an exciting food hall concept with a dramatic double-height gateway that will lead customers to kiosks, small kitchens, pop-up vendors, as well as a high-end, destination restaurant, added Beckett.”
Zeng said that they are still refining the amenity spaces but U Place will include two outdoor community decks one on the second floor and a green roof deck with a lounge, barbecue area and stunning views of Union Bay, Cascades and Mt. Rainier. There will be underground parking for 68-vehicles which includes commercial parking and a bike gear and storage room that underscores the adjacency of U Place to the Burke Gilman Trail.
Prices for the units won’t be set until construction begins.