Waverly - Investor

Project Details

Terraced Luxury Development With Expansive Lake Views

2429 8th Ave N, Seattle, WA 98109

Waverly 8, a project jointly developed with Johnson & Carr, was completed in 2015. A dramatic grade change from east to west, combined with inverted floor plans, delivered unobstructed views from the main living level of every unit.


Project Goals

  • Entitle build and sell fee simple townhouses with an estimated project timeline of 2-3 years.
  • Capitalize on rising local Seattle residential real estate market and superior site with dramatic views.

Key Investment Highlights

  • Site was acquired in November of 2013 with the final unit sold in October of 2015 resulting in a project timeline of almost exactly 24 months from investor contribution to project liquidation.
  • Projected Investor Return - 
  • Actual Investor Return -

    By The Numbers

    Acquired - 2013

    Built/Sold - 2015

    Lot - 9,968 SF

    Zoning - LR2

    Building -13,600 SF

    Project Team

    Developer: 47 North and Johnson & Carr

    Architect: SHW

    Contractor: Noren Development

    Structural: Malsam Tsang Structural Engineering

    Civil: The Blueline Group

    Landscape: Root of Design

    Geotech: Robert Pride


    Features of Waverly - Investor