New & Noteworthy
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92-Unit Apartment Building Planned for Seattle’s Pike/Pine Neighborhood Receives Design Approval
“A new apartment complex pitched by developer Hunters Capital and architecture firm Studio Meng Strazzara has cleared the final round of design review. In a recent meeting, the East Design Review Board voted to move 517 E Pike St., a 92-unit development, forward based on a number of design conditions meant to refine the character and architectural concept of the development.
The project site is currently developed with a commercial building that was originally constructed in 1910. The building, as well as much of the Pike/Pine neighborhood, is characterized by a strong commercial presence with brick storefronts and structures with an industrial flare. The area is evolving quickly; City documents also note that the neighborhood is seeing more development, particularly larger, multifamily structures that combine both historic and modern architecture.”
“Michael Oaksmith, president of development for Hunters Capital, stands with the Beezer brothers’ creation across the street. The city-landmarked building has been lovingly remodeled, with a restoration of much of its early elegance. After 108 years as a bank, most recently a Wells Fargo branch, the structure is repurposed for shops and offices.”
Glossier Seattle store features mossy mushroom-covered mound
“Located in the Capitol Hill neighbourhood and designed by Glossier’s in-house team, the 2,800-square-foot (260-square-metre) retail space is four times larger than the pop-up and marks the brand’s largest physical store to date.
The Seattle store at 1514 10th Avenue marks the brand’s return to physical retail, with outposts in Los Angeles and London both expected to open before the end of 2021.”
Hunters Capital is wrapping up renovations at 4500 University Way N.E., former site of Wells Fargo in the University District. This historic, neo-classic, two story building was constructed in 1912 and has been a striking and enduring feature of the neighborhood since, no doubt serving many college students as they lived away from home for the first time.
“We tracked this property through its sales process knowing it’s a very special structure within the U-District, maybe the most unique along University Ave. In touring it and digging into its history it told such a unique story, we felt this is a property that deserves a new chapter, deserves an owner who will rehab it the right way,” Michael Oaksmith, President of Development at Hunters Capital, explained.
“Hunters Capital and Studio Meng Strazarra are planning an eight story apartment building at 517 E Pike St. on Capitol Hill.
It’ll incorporate and preserve the facade of the old two-story building there now…”
“Four years ago Hunters Capital acquired a QFC-anchored Seattle property with an eye toward redeveloping it.
That timing might not be as far off now that the Capitol Hill store at 416 15th Ave. E. will close April 24. But don’t expect any action soon.
Jill Cronauer, chief operating officer and designated broker at Seattle-based Hunters, on Monday said Quality Foods Centers has “a couple years left” on its lease.
‘We all know that activated storefronts are critical and we will work with them, as much as they allow, to keep that block activated until a long-term plan can be put into place,’ she said in an email.”
New project adds ‘surreal, kinetic light installation’ to Pike/Pine’s bittersweet collection of storefront art
“Two Seattle artists are adding new light to the collection of heartfelt art and plywood murals that have covered the windows of many restaurants and shops of Capitol Hill and Pike/Pine during the ongoing COVID-19 pandemic and through months of protest and unrest.
The work sponsored by area property companies Hunters Capital and Trinity Real Estate joins the bittersweet gallery of plywood murals and art that has grown across the neighborhood with many businesses closing or operating at reduced hours.”
Here’s one old U District building that won’t be replaced by a high-rise
“For the first time in its 108 years, the former Wells Fargo Bank branch building at a prominent corner on The Ave in Seattle’s University District has been sold. Now the new ownership group, which completed the purchase last year, is sharing its plans for the property.
Boutique Seattle real estate company Hunters Capital — known for buying and preserving old auto dealership buildings on Capitol Hill — bought the terra-cotta-clad building for $3.75 million from Wells Fargo. It’s the first non-Capitol Hill investment for Hunters.”
DEI Creative, a Capitol Hill-based design firm, is working to help local businesses across Seattle connect with their “stay home” customers in the wake of virus-related closures. The websites are a bit like a virtual shopping mall, featuring at least a few products from dozens of different stores in the neighborhood. You can buy things from them at the support local site Supportcapitolhill.com. Without a source of revenue, DEI partnered with Capitol Hill based developers Dunn and Hobbes, and Hunters Capital to pay for the site.
A proposal for a five-story, 70 or so unit mixed used building to replace the Hilltop Service Station along Capitol Hill’s 15th Ave E is moving forward. The project passed its first round of design review in June with unanimous support from the review board. “We are now awaiting the EDG letter from the city which will have quite a bit of feedback from both the board and the community to consider,” Michael Oaksmith of Capitol Hill-based developer Hunters Capital said. “Valuable feedback that we will give close attention to during our preparations for a DRB meeting later this year.”
A multi-million, just before Christmas real estate deal will put the 15th Ave E land home to Hilltop Service Station in the hands of a Capitol Hill developer, Hunters Capital. “We’re big fans of 15th,” Hunters Capital’s Mike Oaksmith tells CHS about the deal. “We love that neighborhood feel.” The Broadway-headquartered development and real estate firm had better — it now owns a big chunk of 15th Ave E’s future. Oaksmith said Hunters Capital also plans a methodical approach to its new acquisition of the service station property at the corner of 15th and E Mercer — but for a different reason. The property’s many years as a service station will likely mean a long process of testing and decontamination, a common element on Capitol Hill given the neighborhood’s auto row past.
Over 350 regional leaders in high-performance building development and management gathered at the W Hotel in Seattle for Seattle 2030 District’s 2017 Vision Awards. The Vision Awards honor local leaders who are transforming Seattle’s urban environment into a city that is resilient, vibrant and sustainable through design and construction.
Vision Award for Energy – Dunn Motors Building, Hunters Capital
The Dunn Motors Building has reduced its energy use while preserving a 1920’s building that was part of Seattle’s Auto Row along the Pike/Pine corridor. District member Hunters Capital wanted to preserve much of the look and feel of this iconic structure and by doing so, create a connection to the past. The building opened in 2016 and is achieving a 55% reduction in energy from national baseline. One of the first buildings to go through the new 2015 energy code, they voluntarily installed a 5.4kWh solar system on the roof. The system will produce 5,500 kWh annually and save $3,493.00/year in energy costs. The building was also included in the Seattle City Light Build Smart program.
US architecture firm GoCstudio has created a stunning open floor plan office for Substantial, a fast growing tech company. The space features original brick and timber elements, along with new enclosures made of ebony-stained plywood. Substantial had occupied a portion of the floor since 2013, and decided to take over the full top story when its neighboring tenant moved out. Hunters Capital charged GoCstudio with overhauling the entire floor, so it reads as one unified space.
"The challenge was to create a cohesive open-plan workspace which retained the feel of the original Substantial space and would maximize the existing character of the building – exposed brick walls, old-growth Douglas Fir beams and roof decking, and warehouse-style window walls," said the studio, which is led by architects Jon Gentry and Aimée O'Carroll.
The “big property deal set to reshape Capitol Hill’s somewhat sleepy 15th Ave E” has gone down. For now, the quiet-er stretch of Capitol Hill commerce will stay as somewhat sleepy as ever. “We look forward to becoming a part of this vibrant street as we value the unique retail and residential mix,” Jill Cronauer, chief operating officer at Hunters Capital said in an announcement Monday morning that the Capitol Hill-focused real estate development and property management firm has acquired the block of 15th Ave E home to QFC and a stretch of local businesses for $11.25 million.
The annual party from the Capitol Hill Chamber of Commerce recaps the year, looks ahead, and recognizes some of the neighborhood’s important and inspiring characters. This year, the business organization announced the launch of is campaign to wrangle enough support from landowners to create a $1.6 million Business Improvement Area stretching across Capitol Hill.
The chamber also split its votes for the annual Spirit Award, recognizing Liz Dunn of Dunn + Hobbes and Hunters Capital’s own Jill Cronauer.