UPDATE: Market Wired confirms that the Jasper has been sold for $29.4 million, not the $29.3 million previously reported.
It seems like only yesterday the old Jewish Community Center sat lonely, unkempt, and falling apart between NE 86th St and NE 87th St. Only yesterday that a developer, Murray Fraklyn, had planned to build condos on the site. Only yesterday that the Wedgwood Action Group successfully negotiated with Murray Franklyn to adjust the building’s transition to the adjacent single-family neighborhood. Only yesterday, the property sold to Woods Partners for $3.35 million. Only yesterday that Wood Partners and Exxel Construction broke ground on the new apartment building. Only yesterday that the name “Jasper” was unveiled out of respect for the history of the Wedgwood name. And only yesterday that the Jasper Apartments officially opened.
According to the Puget Sound Business Journal, reports are that Wood Partners sold the new apartment building to an LLC (limited liability company) known as “Jasper 91″ for a cool $29.3 million. For those scoring at home, that’s $25.95 million more than the site was purchased by Wood Partners from Murray Franklyn, which doesn’t account for the costs for final design, permitting, construction, and management. Nevertheless, that’s a nice chunk of change for Wood Partners’ first development in the Puget Sound region.
A look back at our Photosynth series throughout the development follows:
The old JCC site before demolition.
The JCC post demolition.
The new Jasper going up.
The Jasper taking shape.
The Jasper opened for renter.
Here is your chance to get a look inside the Jasper at 8606 35th Ave NE, the first new apartment building to be built in the Wedgwood neighborhood in more than sixty years. Brian Miller, manager of the Jasper, cordially invites all Wedgwoodians to come to an Open House at the Jasper on Saturday, October 20, from 9 to 5. Coffee and donuts, too!
Apartments at the Jasper were being pre-leased even before the opening day in July 2012, and the building’s 91 units are now almost all rented. At the Open House you will be able to see the remaining vacant units, the resident lounge area and the rooftop deck. At the sidewalk level, one of the live-work units will be open for visitors to view. A live-work unit is like a storefront but includes its own living quarters. The concept of live-work units is so new to the city of Seattle that it is not yet known how well they will function and whether they will help enliven commercial districts with needed businesses and services.
At the Open House you will see how the Jasper is displaying artwork from local artists, and a display of how the Jasper got its name. Please do come on Saturday, say hello to the Jasper and its management staff, and have coffee and donuts, too. See you there!
The latest in Wedgwood’s series of land-use-planning Coffee Talks was held on Thursday evening, June 21st, on the topic of Density and its Benefits. What is “density?” One definition is the number of people who live within a given land area. Another definition, from an architectural point of view, is the amount of land area used up by a building.
Continue reading A perspective: density and its benefits
On Tuesday evening, May 22, members of the Wedgwood Community Council were given a “hardhat tour” of the new Jasper Apartments at 8606 35th Ave NE. A “hardhat tour” means that we wore hardhats and orange reflective vests while going through the building. We saw apartments in various stages of completion as well as the amenities of the Jasper such as an interior courtyard, rooftop garden, and entry which will have seating areas for small-group gatherings.
Continue reading A tour of the new Jasper
We haven’t posted an update on the Jasper Apartments since February, shortly after the name was released. A lot has happened since then though. There are sidewalks along NE 86th and 87th Street! The Jasper also has a temporary leasing office along NE 86th Street, a new website, and a Facebook page!