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Article by The Registry, Pacific Northwest Real Estate

May 19, 2022

Seattle-based real estate developer Intracorp Homes has formed a joint venture with apartment investor Pacific Urban Investors for the development of the project and secured additional financing from  PCCP, LLC (PCCP).  Today, Intracorp Homes announced that construction has begun on Zinnia Apartments, a new four-building, 206,000 sq. ft. apartment community in Shoreline.

Located at the intersection of 1st Avenue NE and NE 147th St within walking distance of the future 148th Street Light Rail Station, which is slated to open in 2024, the new 4-story apartment community will feature 299 studio, one- and two-bedroom apartments. Twenty percent of the new homes will be set aside for income-restricted housing.

“As the region becomes more interconnected, we are excited to deliver an extraordinary apartment community that will appeal to Shoreline’s current and future residents,” said Matt Robins, Development Manager with Intracorp Homes. “Zinnia will offer all the perks of modern apartment homes in a location that has quick connectivity and access to outstanding schools, parks and natural areas.”

“We’re thrilled to be partnering with Intracorp on the development of Zinnia, a project that will set a new standard for transit-oriented living in Shoreline,” said David White, Managing Director with Pacific Urban Investors. “Intracorp’s vision for the project, coupled with their execution of the complicated land assemblage, clearly distinguishes them as a leader in Pacific Northwest development.  Zinnia will be a special community for our future residents, and Pacific Urban is eager to identify new opportunities to invest in projects like Zinnia throughout the Puget Sound Region.”

Zinnia Apartments: Seattle’s Most Accessible, Comfortably Care-Free Home Escape

Situated in a residential Shoreline neighborhood, which is settled between the city limits of Seattle and the Snohomish County border, Zinnia Apartments includes lush landscaping and outdoor seating areas, a parking structure for residents, a fitness center, rooftop deck with barbeque and seating, and a club room with kitchen, dining, and television seating areas.

Additional amenities in the eco-friendly, 4-Star Built Green building slated for completion in 2024 will include bicycle storage and a secure package delivery system. Pre-leasing is anticipated for early 2024.

Read the full article here.

Learn more about Zinnia here.