Security Properties has opened Sparc Apartments, the first residential community in the emerging neighborhood of The Spring District in Bellevue, Wash. The five-building complex offers 309 apartment units in a variety of configurations, including studios and one-, two-, and three-bedroom plans; townhomes; and live–work lofts, which were 25% leased after one month on the market.
“We couldn't be happier that The Spring District is finally opening its doors with the arrival of Sparc Apartments,” said John Marasco, Security Properties’ chief development officer, in a statement. “Our vision of shaping this new neighborhood into a destination for urban living has come into fruition. Each building will showcase its own unique personality through design,” Marasco said. “There are numerous home feature combinations to suit individual preferences, from gas cooking, custom cabinetry, and countertops to oversized floor plans and unique color palettes.”
Sparc’s community amenities include a rooftop courtyard and putting green, a fitness center, a pet washing station, a bike storage and maintenance center, and event space complete with demonstration kitchen and media lounge. The property also houses a 14,000-square-foot Bright Horizons Early Education center and playground, which Sparc residents are welcome to use on evenings and weekends.
The Spring District, when complete, is set to house 2,000 residents and support 13,000 employees on a 36-acre, transit-oriented urban neighborhood, with restaurants, retailers, and hotels. Recreational Equipment Inc. (REI) will move its headquarters to The Spring District in 2020, and the Global Innovation Exchange (GIX) graduate degree program, a partnership between the University of Washington, China’s Tsinghua University, and Microsoft, will be based in the neighborhood as well.
The Sparc community is located an accessible distance from employers including Google, Microsoft, and Overlake Hospital by highway, and, starting in 2023, the East Link Light Rail Service will provide access to Seattle.
Phase II of Security Properties’ residential contribution to The Spring District is currently under development and scheduled to open in late 2018. It will contain 279 units across three buildings.
