High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and capital partner MetLife Investment Management, have broken ground on a 244-unit residential community in Seattle.
Located at 6716 Roosevelt Way NE, on the south side of NE 68th St between Roosevelt Way NE and 12th Ave. NE in Northeast Seattle, the project will span the entire length of the block and include a mix of studio, one- and two-bedroom units. Every unit will have air conditioning, a unique feature among multifamily projects in the Roosevelt neighborhood. Residents will have access to an expansive amenity package, including a two-story co-working space, a rooftop clubroom with indoor and outdoor spaces with views of Mount Rainier, a fitness center, and ground-floor retail along Roosevelt Way NE.
The development team is targeting LEED Gold certification and will incorporate additional sustainability features including a green roof, bioretention, in-unit energy recovery ventilators, and high-efficiency heat pump water heaters.
This is HSR’s second multifamily development in the Roosevelt neighborhood, having recently completed Corner 63 in December 2023. The seven-story, 139-unit transit-oriented project is located just down the street at 6300 9th Avenue NE and is nearly 100% leased.
“The success we’ve seen at Corner 63 gives us great confidence in 68th & Roosevelt, which will continue to meet the area’s demand for thoughtfully designed, luxury apartments,” said Alan Cantlin, Principal, with High Street Residential in Seattle. “The incredible access and convenience that this site offers will land future residents in the middle of the vibrant Roosevelt neighborhood and within walking distance of numerous shops and restaurants, as well as the nearby light rail station.”
The community will sit a half block from the Roosevelt Link Light Rail station, offering residents an 11-minute commute into Downtown Seattle, a 35-minute commute to Downtown Bellevue, and a 48-minute commute to Overlake and Redmond.
MetLife Investment Management serves institutional investors by combining a client-centric approach with deep asset class expertise. Focused on managing Public Fixed Income, Private Capital and Real Estate assets, we aim to deliver strong, risk-adjusted returns by building tailored portfolio solutions. We listen first, strategize second, and collaborate constantly as we strive to meet clients’ long-term investment objectives.
