500+ Student Housing Development Planned Near University Of Washington

SEATTLE — A real estate company has bought land near the University of Washington in Seattle and plans to build a student housing complex with hundreds of units.

Champion Real Estate Company said Wednesday it acquired a third of an acre of land at 700 NE 45th Street for $7.3 million. The company plans to build Victory at the U, which will have 110 units and offer 516 beds for students.

Victory at the U will be a short walk from the university and will feature vinyl plank flooring, cabinetry, quartz countertops, stainless steel appliances and modern fixtures, the real estate company said in a news release.

Students will have access to amenities such as a study center, fitness center, recreation center and community rooftop deck with views of Lake Union.

Units will be leased by the bedroom. All bedrooms will come fully furnished with televisions and Sonos soundbars.

“Upon opening escrow in late 2019, we started working to obtain entitlements to develop Victory at the U, securing them in the first quarter of this year,” Garrett Champion, executive vice president of the real estate company, said in a statement. “We will continue to make strategic student housing acquisitions at name brand universities with inherent demand including looking at new markets like Seattle.”