Washington Hotline - 04/09/2008 (Plain Text Version)

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In this issue:
Seattle High-rise Named Multifamily Community of the Year
Economy: Bernanke Stresses Seriousness of Housing Contraction
Regulatory: EPA Revision to Lead Rule, Wetlands Mitigation Finalized
Legal: Insurance Liability Ruling, Wetlands Decisions Impact Developers
Association News: Multifamily Members Win Best in American Living Awards (BALA)
Calendar: Conferences and Events
PRODUCTS: New NCHI Featured Product: Kwikset® SmartKey™
Resources: Finance Infrastructure Series

Seattle High-rise Named Multifamily Community of the Year

Mosler Lofts, designed by Mithun, a Seattle-based architectural firm, was named Multifamily Community of the Year Award by the National Association of Home Builders (NAHB).

The award, sponsored by Wells Fargo Home Mortgage, is one of the top honors in NAHB’s prestigious Pillars of the Industry Awards program, which annually recognizes excellence in multifamily housing development, design, marketing and management. Jim Bodoia, of Mithun, accepted the award last week on behalf of the company at a gala celebration hosted by NAHB in Colorado Springs, Colo., in conjunction with its annual conference for apartment and condo developers.

The winning community is a 150-unit tower located in downtown

Seattle ’s historic Belltown district, and features loft condominiums ranging from 500 to 2000 square feet for flats and townhouses. All units have floor-to ceiling windows and open floor plans, for great views. Community amenities within the building include a green roof terrace, library, art gallery, and café.

Mosler Lofts, developed by The Schuster Group, impressed the judges with its high level of Green construction and technology. It also was the fastest-selling condominium complex in Seattle ’s highly competitive marketplace in 2006. During its weekend opening, 42 out of 150 units were sold, and reached 90% occupancy within six months. As the epicenter for downtown Seattle ’s urban professionals, the condo project additionally received the top award in the Best High-Rise Condominium Community category, sponsored by Whirlpool.

The Pillars of the Industry Awards judging panel described Mosler Lofts as elegantly designed with simple unit plans balancing the architectural interest. They also noted that aside from the aesthetic appeal and urban lifestyle setting, the project provides sustainability inside and out, while supplying the demand for environmentally responsible living.

The full list of winners is posted on NAHB’s Web site at this link.