LMC Announces Topping Off of Two Seattle Communities

SEATTLE, Sept. 7, 2017 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced the topping off of two luxury apartment communities, Valdok and Axle, in Seattle. Structural framing was finished at Valdok's first building in the city's Ballard neighborhood on Aug. 10. Axle, located in the Interbay neighborhood, topped off on Sept. 1.

Valdok, a seven-story luxury development, will feature 178 apartment homes. Axle, which is pursuing LEED Gold certification, will offer 226 apartment homes contained within eight stories. First move-ins at Valdok and Axle are anticipated during the summer of 2018.

"Seattle is a tremendously strong multifamily market with a lot of development ongoing. We are thrilled with the timely progress being made at both of these communities," said Brad Reisinger, divisional president of the Pacific Northwest for LMC. "We believe these communities not only will meet the market demand for exceptional housing, but will exceed market expectations for state-of-the-art amenities and a vintage Seattle living experience."

Situated at 1701 NW 56th Street, Valdok's two buildings are located across 56th Street from one another in northwestern Seattle. The community design was inspired by the Valdok family's deep Scandinavian roots and heritage, and embraces the neighborhood's Northern European history as it continues to evolve. The community is near a working waterfront bustling with some of Seattle's trendiest bars, shops and dining spots. Ballard's convenience to downtown jobs via the Ballard Bridge and 15^th Ave NW makes it appealing to those who work downtown or in South Lake Union but aspire to experience a quintessential Seattle neighborhood.   

Axle, located at 3230 16th Avenue West, links the Queen Anne, Magnolia and Ballard neighborhoods.  The area has become a burgeoning hub for multifamily communities. A city thoroughfare in itself, the Interbay neighborhood provides immediate access to a variety of retail, entertainment districts, parks, trails and waterways. The community is a short drive from Seattle's largest park, Discovery Park, and is approximately one mile from Expedia's new headquarters campus via a dedicated bike path.

Valdok will consist of studio, 1- and 2-bedroom apartment homes with den layouts available, ranging in square footage from 485 to 1,384. Axle will consist of 1- and 2-bedroom apartment homes with den layouts available, with a square-footage range of 510 to 1,340. Both communities will have common-area amenities that include a clubhouse with full kitchen and gaming area, co-working spaces with state-of-the-art technology, top-of-the-line 24-hour fitness centers, pet parks with dog wash and grooming stations, rooftop decks, fireplaces and BBQ grills, outdoor lounge areas, 24-hour package service and offer bike storage and additional storage.

Apartment interiors at both Valdok and Axle will be equipped with quartz countertops, designer lighting, stainless steel high-end kitchen appliances, hardwood-style plank flooring, full-size washers and dryers, ceramic tile tub surrounds, lighted mirrors, and under-cabinet lighting. Select units will offer a suite of smart-home features.

Including Valdok and Axle, LMC has over 2,500 apartment homes in operation, under construction or in late planning stages in the Pacific Northwest. Included is Valdok II, which is under construction and scheduled to open in 2019. LMC recently completed Atlas in Issaquah, Wash, The Whittaker in West Seattle and Twenty-20 Mad on Capitol Hill in Seattle. LMC will also begin construction on three more communities in the Pacific Northwest over the next year, including its two-tower North Block development on First Hill as well as communities in Kirkland, Wash. and Portland, Ore. 

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 23,000-unit pipeline of communities ranging from operating to under development that exceeds $7 billion and consists of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

www.LiveLMC.com

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Lindsey Bernhardt                                                        
LinnellTaylor Marketing                                            
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