As CHS covers the ongoing wave of development washing over Capitol Hill, don’t forget these buildings are being built as places to live. Here’s a look inside Broadway’s new The Lyric apartment building getting its finishing touches just north of the Capitol Hill Station light rail construction site.
In April 2011, the block was still the old not-a-landmark Bank of America building, buildings where Noah’s Bagels and Cafe Septieme had called home, some charming but worn-down old homes and the big parking lot that hosted the farmers market. Come November 2012, the apartment building and mixed-use retail development built there will welcome its first tenants.
CHS recently toured the not-quite-finished building and took these pictures. Full disclosure: The Lyric is a CHS advertiser.
The Lyric is also a behemoth of a building, standing seven stories tall. It is comparable in size and amenities to the Joule apartments just up Broadway. The building’s leasing agents are eager to show off Lyric’s main features:
- A communal rooftop deck offering what may be Capitol Hill’s best panoramic view from Mount Rainier to Puget Sound as no buildings currently obstruct its view.
- The rather large rooftop deck and dog run
- The southwest 7th floor corner unit has arguably the best view in the complex and has been turned into a “sky lounge” which residents can reserve for private parties.
The building offers 234 units with a mix of studio, one and two bedroom apartments. There are 361 parking spaces for the tenants and the expansive retail facilities at street level. Finishings include stainless steel appliances, granite countertops and floor to ceiling windows in some units.
A 450 square-foot studio will run you $1,185 per month. A 600-square-foot one-bedroom unit clocks in above $1,500. Need more space? Two-bedroom units give you 915 square feet. Price? $2,400 per month. You can learn more at thelyriccapitolhill.com
Demand is expected to be high. In July, CHS reported on the speed at which two other new Capitol Hill apartment buildings had filled up with new tenants. Analysts predict Seattle’s rent prices to continue to climb this year even as 5,000 new apartment units are expected to come into the market before 2013. More than ten times that many are in the planning stages. CHS recently posted about dozens of projects underway across the Hill.
Included on that list along with The Lyric is the nearby Capitol Hill Station development site that will bring more than 400 additional apartment units to this stretch of Broadway by 2016.
Along with the start of move-ins for new Broadway neighbors in November, tenants to fill the whopping 16,000 square-feet of commercial space in The Lyric will also start showing up. Bank of America will fill a huge chunk of that when it returns in a new 6,000 square-foot home. Noah’s is returning, too — but this iteration will under the related Einstein Bros brand.
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