National Association of Industrial and Office Properties (NAIOP) and Portland State University
Portland State University. School of Business Administration. Center for Real Estate, City planning -- Washington -- Renton
The pandemic has changed the housing landscape forever. The new renter wants it all; the comfort and natural setting of the American suburb, combined with the community and amenity access of a city’s heart. Additionally, the Seattle area renter wants all of the new technological features that not only keep them a step above the competition, but that optimize their work productivity while minimizing their carbon footprint. Enter Nyeste I and II, where the Danish concept of “hygge” meets the Seattle drive for success. Nyeste means “the latest” in Danish, like in the latest green tech, the latest amenity features, and the latest design techniques that both bring people together and help them achieve optimal productivity.
Nyeste I and II is a flagship development, an easy train ride away from Seattle and next to a protect wetland, offering both beautiful mountain views and city access.
The surrounding area has a vacancy rate of 3.7%, primed for investment, with land prices making the larger units, expected in a more suburban atmosphere, feasible. Residents will be engaged by the urban sense of place created by Nyeste’s new double-loaded street corridor, activated with two pedestrian-oriented plazas. Ground level residences, both townhomes along the north-south street and apartments on the north plaza, will provide eyes and ears on the public sphere.
Most exciting, is Nyeste’s novel and efficient retail. While Nyeste is not yet located close enough to a population hub to support impulse retail, we’ve created an experience that combines a destination themed sports bar, a quiet restaurant off the scenic wetland reserves, and an automatic arcade on the north plaza. The automatic arcade will feature hot and fresh food vending options, convenience items, and places to sit and gather. Nyeste’s residents will have this novel amenity 24-7.
Situated close by to the Seattle Sounder’s new practice fields, Nyeste I and II is your latest investment. Energy efficient and vibrant, Nyeste helps your portfolio work smarter, not harder. And like the Seattle Sounders, Nyeste plays to win.
Johnson, Brent Johnson; Hoop, Brian; Dahlquist, Jean; Brody, Rick; and Guralnick, Jason, "Nyeste Mixed Use Apartment Project, Renton, Washington" (2022). Real Estate Development Workshop Projects. 33.