Real estate development firms Hatteras Sky and Trent Development and capital partner Cresset Diversified Real Estate Capital have broken ground on a new mixed-used, mid-rise apartment project at 622 Rainier Avenue, in the Judkins Park Neighborhood of Seattle. Located less than a mile from the future Judkins Park light-rail station, the new project, which is named Hilite, as a nod to the West Coast Printing Building that used to operate in the same space, will feature 206 residential units, covering approximately 5,200 square feet of ground-level retail, and is expected to open in 2023.
“As one of the largest qualified opportunity zone managers in the country, we’ve seen firsthand the positive impact that projects such as this can have on a community, its local businesses and its people,” said Avy Stein, Cresset’s founder and co-chairman. “We’re excited to align ourselves with top-notch partners such as Hatteras Sky and Trent Development, and we’re looking forwar
