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{"id":2360,"date":"2017-10-27T06:08:00","date_gmt":"2017-10-27T06:08:00","guid":{"rendered":"http:\/\/www.cafecreative2.com\/blog\/?p=2360"},"modified":"2025-12-30T23:11:15","modified_gmt":"2025-12-30T23:11:15","slug":"weidner-apartments-homes-acquires-tower-12-apartments","status":"publish","type":"post","link":"https:\/\/www.weidner.com\/blog\/2017\/10\/27\/weidner-apartments-homes-acquires-tower-12-apartments\/","title":{"rendered":"Weidner Apartments Homes Acquires Tower 12 Apartments"},"content":{"rendered":"

(Seattle, WA) — One of Seattle's premier urban residential buildings was purchased today by Weidner Apartment Homes<\/a>, a northwest company with more than 40 years of experience as a leader in the apartment industry across North America. <\/p>\n

Tower 12<\/a> was developed and built by local companies and now the 313-unit apartment building located at 2nd and Virginia will stay in northwest hands. Located near Seattle's historic Pike Place Market, Tower12 opened in mid-2017 with sweeping views of Elliott Bay, both the Cascade and Olympic Mountain ranges and the Seattle skyline.<\/p>\n

The acquisition is the largest to-date in its home market for Weidner Apartment Homes, a Kirkland, WA-based company with more than 50,000 units throughout the U.S. and Canada.<\/p>\n

"Weidner is committed to the northwest, and we are thrilled to acquire and manage Seattle's foremost downtown apartment building," said Greg Cerbana, vice president. "The Tower 12 building will be the flagship property for Weidner in the northwest. Local building ownership is important to the long-term economic health of the Seattle rental housing market. Weidner\u0092s reinvestment in its own backyard keeps resources in the Pacific Northwest." <\/p>\n

Weidner is a recognized leader in providing a wide variety of quality rental housing options in each of the communities it serves. Tower 12 was developed by Bellevue, WA- based Continental Properties LLC,<\/a> known for setting the standard for quality apartment communities over four decades with more than 3,000 multifamily units in the northwest.<\/p>\n

"At the time of the groundbreaking, if I could have picked one buyer, then it would have been Weidner Apartment Homes because of our past transactional experience with them, their integrity, reputation and their local presence," said Claudio Guincher, president of Continental Properties, LLC. "Weidner is an ideal buyer for this iconic building."<\/p>\n

About Tower 12<\/h2>\n

Tower 12 is an exceptional 34-story high-rise residential tower, just one block from the historic Pike Place Market in downtown Seattle. The location offers incredible water views and connects Tower 12 to the best that Seattle has to offer: an expanding employment base, restaurants and retail, entertainment and recreation, transportation and stellar water and city views.<\/p>\n

Tower12 offers 313 apartment homes built to superior standards and finishes, including large units averaging 847 square feet, 9' to 11' ceiling heights, gas cooktops, and air conditioning. Extensive amenities include an indoor\/outdoor top-floor resident clubhouse offering multiple gathering areas, a kitchen and bar, resident lounge, library, a fitness center and a yoga room. The rooftop garden provides a gas fire pit lounge area and barbecue grills with seating for dining. Water views are featured in nearly 70 percent of all apartments, as Tower 12 is significantly taller than other buildings on the block. Other amenities include a theater and media room, a boardroom, a pet run and grooming station.<\/p>\n

The following firms were instrumental in taking the Tower 12 project from conception to completion:<\/p>\n