The Schuster Group Breaks Ground on University District Apartment Project

SEATTLE, Sept. 27, 2011 /PRNewswire/ -- The Schuster Group broke ground earlier this month on its new apartment development in the University District, Muriel's Landing. The project is a seven story mixed-use building consisting of 97 residential units and ground floor retail.

Demolition commenced on September 7th and they plan to complete the building in November 2012. "We're very excited about this project and about being a part of the revitalization of this portion of The Ave," said Mark R. Schuster, Chief Executive Officer of The Schuster Group.

Muriel's Landing sits on University Way on the 52nd Street block, and will provide housing for the academic community and those who work near the University of Washington. The project is being built to Built Green 4 Star standards and will feature a sustainable modern collegiate design with touches of European influence. The property will also feature shops and plans for a restaurant at street level.

Leasing will begin spring 2012 and interested future residents can get a sneak peek of the project at www.murielslanding.com, as well as register to become a part of a VIP list that will receive early leasing information. You can also follow construction progress via Facebook.

Muriel's Landing was designed by Caron Architects of Seattle, and is being constructed by Compass Construction. The Schuster Group has partnered once again with The Benaroya Company as the finance partner for this project.

The Schuster Group is a real estate investment, development, and merchant banking firm headquartered in Seattle. They have been developing and managing properties in the Seattle area for over 20 years and garnering national recognition and awards as leaders in the green building industry.

For more information, visit www.murielslanding.com. Photos of the groundbreaking and building are available upon request.

SOURCE The Schuster Group