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Leasing Up: 3 Left at Marlborough, The Station Has Incentives

By June 15, 2011

LINK Apts, The Marlborough

After touching base with Legacy at Pratt Park, it seemed like a good time to check in with the various Seattle apartments that are currently in lease-up mode.

The Marlborough – 1220 Boren Avenue (map)

The big news is the Marlborough. This apartment building on First Hill quietly started leasing in January of this year and now has only 3 units remaining to lease! Actually, there’s also two basement units that are offline while their renovations are finished up so technically the Marlborough has 78 leased of 83 total units. When I toured the building in March they were targeting 95% leased by EO June and seem on track to meet that mark considering they are currently 93% leased.

There’s only one each of the following available:

  • 1-bedroom for $1595/mo
  • 2-bedroom on 6th floor for $2875/mo
  • Penthouse with a huge private terrace for $5225/mo

Aspira – 1823 Terry Ave (map)

Located downtown at Stewart and Terry, Aspira is currently 80% leased, with various 1-bedroom and 2-bedroom units remaining available of its 324 total apartments. Prices range from $2161/mo to $5872/mo in this pet friendly, Built Green tower. Looks like they are doing a fair amount of community building at Aspira with summer events for residents including:

  • Last weekend’s whale-sighting excursion – nearly 30 residents attended AND they actually saw whales
  • Next up is a spring fashion show by resident Marta Kappl this Friday
  • And July sounds extra fun with rafting down the Wenatchee River and later a motorcycle trip

The Station at Othello Park – 4219 S Othello St (map)

Situated next to the Othello light rail station is the new apartment complex, The Station at Othello Park. The complex of 351 apartments began leasing just last month and is now at 19% leased, 11.5% occupied. The leasing office has seen an increase in traffic with 8 units leasing last week and 9 the week prior. Unique incentives include $300 towards an ORCA card for residents not leasing parking space, and The Station is partnering with the City of Seattle on their One Less Car Challenge.

Availability of units are still being rolled out:

  • Tours of Phase 2 start this week
  • The community rooftop opens in 3 weeks
  • Phase 2 will be 70% complete by July 15, with a target of Aug 30 to be 100% complete

LINK Apartments – 4550 38th Avenue SW (map)

In West Seattle, LINK apartments is approximately 32% occupied and 53% leased. After a period of pre-leasing, the apartments officially allowed residents to begin to move in as of March, and by the Grand Opening on May 12 it was 40% leased. The 195 apartments range in price from $1,050 to $2,500 per month, and layouts include alcove studios, one- and two-bedroom units, plus a couple ground floor lofts. However, all of the 2-bedrooms are leased at this time.

While incentives are the standard 1 month free on a 12-month lease, they have a few unique building amenities:

  • iPad’s available for residents to check out
  • 2 kayaks and 6 bikes available for check out
  • Rooftop resident lounge complete with Xbox (check out also required)