SEATTLE – Seattle-based companies Goodman Real Estate and Harbor Urban, LLC, along with equity partner Capri Capital Partners, LLC, announced the purchase of the property at 1915 Second Ave. in Seattle where construction will begin in April on a 24-story multifamily mixed-use project called Viktoria Apartments. The total cost to develop the project, scheduled for completion by the end of 2013, is approximately $95 million.
Construction financing for Viktoria Apartments will be provided by the INDURE Fund, based in Washington D.C. “We are pleased to be providing financing to the Goodman, Harbor Urban, Capri Partnership, and are delighted to be playing an important role in the creation of a very significant new building in Seattle,” said Jeff Kanne, President and CEO of National Real Estate Advisors, manager of the INDURE Fund.