![\"\"](\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/BluWater.jpg\" "\\"BluWater\\"")
<\/a>lakeside apartment property consisting of seven two- and three-story buildings, located about 25 minutes north of Seattle in the Silver Lake neighborhood. The property stands between the cities of Bothell, Mill Creek and Everett, in the proximity of Seattle\u2019s Eastside tech corridor. Also nearby are such other major employment centers as Boeing\u2019s main production facility and the life science and tech scene in Bothell. The 1991-built asset offers an in-unit package that includes rustic cherry cabinets, stainless-steel appliances, wood-burning fireplaces, full-size washers and dryers, and private patios or balconies, with units located on the upper levels also featuring vaulted ceilings.<\/p>\nGrosvenor has owned BluWater since 2007, and has carried out a number of extensive upgrades and renovations. The community\u2019s clubhouse received a new slate entry, new furnishings, custom cabinetry and a contemporary-style resident lounge. The clubhouse amenity package features a modernized fitness center overlooking Silver Lake, theater room, Wi-Fi lounge, business center and kitchenette. Outdoor amenities include a courtyard, a playground, walking trails and an all-season indoor-outdoor pool. Following the sale, Grosvenor Americas\u2019 multifamily portfolio totals around 2,400 rental units in Canada and the U.S., most of them on the West Coast.<\/p>\n","protected":false},"excerpt":{"rendered":"
As the greater Seattle residential market continues to stimulate investors, BluWater, a luxury residential community in Everett, WA recently traded hands in a deal worth $25.5 million. The multifamily asset was acquired by Coast Equity Partners from owner Grosvenor Americas. The seller was advised by a team of Kidder Matthews representatives in the process.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1610],"tags":[],"class_list":["post-1004109418","post","type-post","status-publish","format-standard","hentry","category-latest","category-seattle"],"acf":[],"yoast_head":"\n
Grosvenor Sells BluWater Luxury Community to Coast Equity Partners for $25M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/grosvenor-sells-bluwater-luxury-community-to-coast-equity-partners-for-25m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grosvenor Sells BluWater Luxury Community to Coast Equity Partners for $25M\" \/>\n<meta property=\"og:description\" content=\"As the greater Seattle residential market continues to stimulate investors, BluWater, a luxury residential community in Everett, WA recently traded hands in a deal worth $25.5 million. The multifamily asset was acquired by Coast Equity Partners from owner Grosvenor Americas. 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