Flashback #1: The Cinerama Theater on Fourth Ave. opened in 1963 and was known as Seattle’s Martin Cinerama, part of a small theater chain specializing in the widescreen format. Fast forward 50 years and The Martin has returned across the alley at Fifth Ave and Lenora St. The sequel is a much smaller theater room for about 15 people. Oh, and there are also 188 residential units in the building.
The Martin officially debuted on Friday as residents started moving into the 24-story apartment highrise. I went for a tour and I can tell you it is a blockbuster in terms of amenities and roomy one bedroom units. First, the amenities and there are quite a few of them, such as…
There are also a guest suite, a business center and a spacious lounge on the top floor. But what puts it over the top are two perks for your pets that are better than most amenities designed for people. Check out this outdoor doggy relief area that has a view of The Space Needle and mounted heaters. The photo below that shows a large grooming station that is part of a “doggy spa”.
On each floor, there are archive photos that pay homage to The Cinerama and Seattle’s theatrical past.
The photo above shows the cool treatment for each apartment number (credit to Rainier Industries for environmental signage). And that’s a good segue to the units themselves. But first, Flashback #2: Vulcan Real Estate had planned to develop The Martin as condominiums back in 2006. But the housing downturn shelved the script until 2011. When the plans were dusted off, the ending was changed from condos to apartments.
Megan Murphy, residential marketing manager for Vulcan, said they instructed Callison, the architect, to make only minor tweaks to the design. So the heart of The Martin story, including the roomy units (which average 940 sq. ft.), air conditioning, gas ranges and in-unit washer and dryer, remained in tact. However, some of the high-end condo finishes were edited out. For example, instead of say Bosch appliances, you get Whirlpool. Wood laminate plank line the floors as opposed to engineered hard wood. Check out these photos…
The “One Bedroom with Den” floor plans are very spacious. They feature large bedrooms and walk-in closets. Given their size and The Martin’s central location, the rents are actually pretty good when compared to other new luxury rentals in Seattle. Here are the price points.
Open One Bedroom: 537-545 sq ft – $1,580 to $1,985/mo
One Bedroom: 733-843 sq ft – $2,150 to $3,165/mo
One Bedroom w/ Den: 820-1,028 sq ft — $2,195 to $3,370/mo
Two Bedrooms: 1129 sq ft — $2995 to $3,935/mo
Parking is an additional $200 per month. Each pet you ave will raise the rent by $35 a month. The Martin is currently offering a month’s free rent as as a move-in special. The building is 40% leased.
I would say the “One Bedroom with Den” units are the best deals. They go for as little as $2.60 per sq. ft. Meanwhile, the “Open One Bedroom” layouts are sized like studios and you don’t get as much bang for your buck.
Now, The Martin also features 12 “Penthouse” units. While they’re not all on the top floor, they are asking for top dollar. These massive units are in the area of 2,000 sq. ft. each and are asking for as much as $8000 in rent! More on those units in the sequel to this post. Coming to Urbnlivn.com on Wednesday.
Meanwhile, consider these bonus photos as the rolling credits…