CBRE Group announced financing for construction of Lake City Senior Apartments at 13730 Lake City Way N.E. in Seattle's Lake City neighborhood.
The developer is Steve Smith Development LLC.
The five-story, 80-unit apartment building will have underground parking for 62 vehicles. Apartments will include a mix of one- and two-bedroom units, plus two ground-floor live-work units.
Morgan Design Group is the architect.
A fifth of the units will be affordable to seniors with incomes below 75 to 80 percent of area median income under Seattle's Multifamily Housing Property Tax Exemption Program.
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