{"id":1004124394,"date":"2015-07-31T06:14:53","date_gmt":"2015-07-31T14:14:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004124394"},"modified":"2020-05-14T00:39:09","modified_gmt":"2020-05-14T08:39:09","slug":"mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\/","title":{"rendered":"Mapletree-Oakwood JV Adds a Leaf in South Lake Union"},"content":{"rendered":"
\"Oakwood<\/a>

Oakwood Seattle South Lake Union (Janis Miglavs, photography, architecture)<\/p><\/div>\n

By Keith Loria, Contributing Editor<\/p>\n

Singapore-based Mapletree Group<\/a>, as part of a serviced apartment joint venture it signed with Oakwood Worldwide last year, acquired Hue Apartments, a 100-unit multi-family complex in the South Lake Union sector of Seattle, renaming it Oakwood Seattle South Lake Union.<\/p>\n

\u201cThe size, age and contemporary style of this property fit perfectly within our strategy to expand our presence of branded buildings across the globe,\u201d Mike Jara, Oakwood Worldwide\u2019s West Coast acquisitions director, told Commercial Property Executive<\/em>. \u201cAs our first property in the Pacific Northwest, Oakwood Seattle South Lake Union complements our recent acquisitions in Raleigh<\/a>, Dallas and the Silicon Valley.\u201d<\/p>\n

The LEED Silver-certified complex is the fifth Oakwood-branded property acquisition as part of Oakwood Worldwide and Mapletree Group\u2019s multibillion-dollar corporate and serviced apartment joint venture that targets properties in strong job growth markets throughout the U.S.<\/p>\n

\u201cSeattle is such a vibrant city with tremendous job growth, driving increased demand for corporate housing from our global clients,\u201d observed Scott McDonald<\/a>, Oakwood Worldwide\u2019s senior vice president operations. \u201cSouth Lake Union is the perfect location for expansion, allowing us to strengthen our presence in the marketplace and offer our clients increased choice and flexibility to meet their corporate housing needs.\u201d<\/p>\n

Oakwood Seattle South Lake Union provides studio, one- and two-bedroom apartments with sustainability-oriented amenities including eco-friendly landscaping and energy-efficient appliances.<\/p>\n

Community amenities include a resident lounge with a community kitchen, pool table, shuffleboard table, dart boards and pinball machines. Residents can also enjoy a multi-screen theater\/gaming den with surround sound or relax on the rooftop deck with barbecues and an outdoor fireplace, taking in views of the downtown Seattle skyline and Lake Union.<\/p>\n

According to McDonald, the transaction continues the evolution of the Oakwood brand, expanding the portfolio to meet growing demand for extended-stay accommodations that offer the convenience and comforts of fully furnished living with industry-leading amenities.<\/p>\n

\u201cOakwood Worldwide has a longstanding reputation as the corporate housing and serviced apartment industry leader due to our ability to anticipate, recognize and react to emerging trends and customer needs,\u201d he said.<\/p>\n

Known for steady employment growth, Seattle is recognized as a thriving city with top employers from a wide variety of industries, including aerospace, technology, healthcare, education and retail. In addition to wonderful employment opportunities, the property is located in a good school district that would appeal to many families needing to relocate.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

This multinational investment-management team is snapping up assets selectively around the country.<\/p>\n","protected":false},"author":1269,"featured_media":1004124412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,21742,1610,15],"tags":[],"class_list":["post-1004124394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-latest","category-seattle","category-west"],"acf":[],"yoast_head":"\nMapletree-Oakwood JV Adds a Leaf in South Lake Union - 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\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree-Oakwood JV Adds a Leaf in South Lake Union\" \/>\n<meta property=\"og:description\" content=\"This multinational investment-management team is snapping up assets selectively around the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-31T14:14:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T08:39:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/07\/Oakwood-Seattle-South-Lake-Union.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"443\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Mapletree-Oakwood JV Adds a Leaf in South Lake Union\",\"datePublished\":\"2015-07-31T14:14:53+00:00\",\"dateModified\":\"2020-05-14T08:39:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/\"},\"wordCount\":425,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Oakwood-Seattle-South-Lake-Union.jpg\",\"articleSection\":[\"Featured\",\"Investment\",\"News\",\"Seattle\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/mapletree-oakwood-jv-adds-a-leaf-in-south-lake-union\\\/\",\"name\":\"Mapletree-Oakwood JV Adds a Leaf in South Lake Union - 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