The Madison Development Group of Kirkland recently opened Spruce West Seattle, which contains 216 apartment units in West Seattle, as well as an L.A. Fitness Center. Spruces’ two seven-story buildings are located at 4555 39th Ave. S.W. with the fitness center occupying 42,210 square feet.
Madison Development Company purchased the property in 2011 for approximately $32 million from the previous owner who had started work on a Whole Foods and other retail and housing units. The site was excavated for the project but then development came to a halt after Whole Foods pulled out to build a store in a different West Seattle project at The Whitaker just a block south of the Madison project. Whole Foods have teamed up with Lennar for their Whitaker store.
The rent price range at the Spruce range from $1,225 to $1,400 for a studio, $1,325 to $2,040 for an open one bed/bath, $1,800 to $2,175 for one bed/bath with additional den, and $2,160 to $3,400 for a two bed/bath.
The Madison Development Company has also disclosed that it is keeping twenty percent of the units for affordable housing under the city’s Multifamily Property Tax Exemption program.
Chinn Construction is the general contractor and CollinsWoerman is the architect for the Spruce West Seattle project. Additional members of the team include the landscape architecture firm Weisman Design Group, as well as the interior designers at Two 9 Design.
The apartment community will include a theatre room with a large screen television, a game room with pool table and shuffle board, a community room with a fireplace and kitchen, a courtyard with a fireplace and fire pit, as well as a rooftop dog run and dog washing station.
The community will also feature a commissioned sculpture by renowned West Seattle artist Lezlie Jane for a new mini park at Fauntleroy Way Southwest and Southwest Alaska Street.
Michael Bain is an analyst for New Home Source.