Griffis Rings the Bell in Belltown
Denver-based multifamily investment and management Griffis Residential recently completed the acquisition of a Seattle-area multifamily asset.
By Alex Girda, Associate Editor
Seattle – After acquiring Berkshires on Elliott Apartments, Griffis Residential has given the community a new name to go along with new ownership: Griffis Belltown Seattle.
Griffis Belltown Seattle
Located at 240 Elliott Ave. in the Belltown neighborhood, the 233-unit property offers a large amenity package. The unit mix consists of studio, one-, two- and three-bedroom apartments with in-unit features that include fully-equipped kitchens, breakfast bars, full size washer and dryers, track lighting, fireplaces, private patios and balconies, as well as walk-in closets.
Flexible lease term options are available, while community amenities include gated access, outdoor fire pit, tanning bed, rooftop deck with barbecue area, 24-hour gym, clubhouse, bike racks, storage units and reserved garage parking.
The downtown area is a high-tech hotbed. Expedia is set to open a brand-new campus in the area, while Amazon’s world headquarters is nearby in Denny Triangle. Like most similar multifamily assets, Griffis Belltown Seattle will cater to young professionals working in the city’s booming tech sector.
Although the development pipeline is robust, Griffis Co-CEO Ian Griffis remains confident of the property’s success: “While the supply of apartments in Seattle is expanding, the long-term economic future of this innovation hub is appealing,” he said in a statement. “Demographics continue to favor the apartment industry going forward.”
