SEATTLE, WA - Today, Holland Partner Group broke ground on their 1200 Madison project, First Hill's first high-rise in 35 years. Local business and political leaders were on hand to celebrate the groundbreaking and Seattle City Council President Richard Conlin offered remarks on the re-emergence of the city's real estate market.
1200 Madison is a 237 unit, market-rate, high-rise apartment building located in the heart of Seattle's First Hill neighborhood. The 17-story building will feature well-appointed finishes, pleasing amenities, and desirable views of downtown Seattle, the Olympics, and Lake Union.
"Our extensive experience allows us to tailor each project to its environment, to implement designs that help the project fit into the existing neighborhood," said Tom Parsons, Partner in charge of Holland Development's Pacific Northwest region. "1200 Madison will be a great addition to First Hill and provide residents easy access to downtown Seattle and surrounding neighborhoods."
First Hill is known as a walker's paradise and a place where people live because they want to be close to work, shopping, transit and entertainment. The 1200 Madison address is ideally located just blocks to the east of the central business district and is next to Seattle's primary medical district, which includes Swedish, Virginia Mason, and Harborview hospitals.
"With the re-launch of Holland Development and Holland Construction, we are positioned to take advantage of the rebounding real estate market," said Holland Partner Group CEO Clyde Holland. "We are pursuing a number of opportunities in Seattle and are confident in the strength of this market."
Seattle University, with about 6,700 students in annual attendance and 670 faculty members, sits several blocks to the east of the site. Seattle Central Community College, the Art Institute of Seattle, and the Northwest Graduate School are also nearby. All of these people and institutions contribute to the vibrancy of the neighborhood, and the Holland Partner Group says the new building will fit right in.
1200 Madison will also be well served by its proximity to Interstate 5 and light rail service – with a local stop planned for the neighborhood. Within this context, 1200 Madison will leverage its prime location and great views to deliver a sought after product to First Hill.
Over the past 10 years Holland Partner Group, based in Vancouver, Wash. has financed over 10,000 apartment units. Parsons describes the group as a "full-service" apartment developer, builder, owner, and manager.
"Holland applies an integrated team approach to each apartment community we develop," Parsons said. "From selecting the most desirable locations, to building with high-quality and sustainable materials, Holland strives to provide each resident with an enviable lifestyle."
Parsons said the 1200 Madison project offers another prime example of that team approach.
About the Holland Partner Group
Founded in 2000, The Holland Partner Group is comprised of five operating companies focused on development of new communities, new construction operations, property management, and redevelopment services in conjunction with investment and asset management. The services and resources provided by the partner group allow its strategic alliance partners to invest in core, core plus and value-added communities in the primary Western United States' markets.
For more information, go to www.1200madisonprogress.com