Meet REO: Convenient, historic & high-end.
REO Flats is a 121,000 sf mixed-use building with 108 apartment homes. The project includes 7,400 sf of retail space and below grade parking for 78 cars. The project is Built Green certified and includes 3 electric car charging stations. Project amenities include a fitness center, rooftop deck with dog walk, gas-powered fire pit, grilling area and penthouse level tenant lounge.
Located right in the tip of the Pike-Pine Triangle.
Madrona managed all aspects of the development process beginning with site assemblage, fund raising/debt sourcing, entitlements/permitting/building design, construction, marketing/lease-up and project sale.
REO was sold in early 2015, generating a 40%+ IRR for our investors.