New Assembly Investment – MAPLE LEAF/NORTHGATE SEATTLE

by | Apr 28, 2026 | Commercial Real Estate | 0 comments

CHOOSE QUALITY, SPEED AND COST SAVINGS IN YOUR NEXT
TRANSIT-ORIENTED DEVELOPMENT SITE.

VICTORY LANE BROKERAGE
MAPLE LEAF MULTIFAMILY OPPORTUNITY
50-60 Unit LR3 Development I Seattle, WA

Acquire in Today’s Market
— Deliver into Tomorrow’s Supply Gap

The Maple Leaf Assembly presents a well-positioned opportunity to acquire
a North Seattle infill development site at a time when the market is
transitioning. While near-term conditions require disciplined underwriting,
a sharp decline in new construction starts and continued demand for housing
are setting the stage for improved fundamentals in the next cycle.
This offering has been intentionally structured as a straightforward acquisition,
allowing a buyer to establish a clear basis and retain full development upside.
For groups able to look beyond current market friction, this site offers a
compelling entry point into a constrained supply environment with strong
long-term potential.


UNIT MIX BREAKDOWN
51 UNIT SCENARIO (FAR-CONSTRAINED)
(26) Open One – ~410 SF
(20) 1×1 – ~480 SF
(5) 2×2 – ~840 SF
60 UNIT SCENARIO (UPSIDE)
(35) Open One – ~480 SF
(10) 1×1 – ~411 SF
(10) 1×1 – ~742 SF
(5) 2×2 – ~855 SF


Offered at $1,985,000 approx. $165/SF Lot Price, the Maple Leaf assembly is
priced below several recent Seattle LR land benchmarks ranging from roughly
$225–$263/SF, while still reflecting a premium North Seattle infill position.

Current front view of subject properties Offered @ $1,985,000

UNIT MIX BREAKDOWN


51 UNIT SCENARIO (FAR-CONSTRAINED)
(26) Open One – ~410 SF
(20) 1×1 – ~480 SF
(5) 2×2 – ~840 SF
60 UNIT SCENARIO (UPSIDE)
(35) Open One – ~480 SF
(10) 1×1 – ~411 SF
(10) 1×1 – ~742 SF
(5) 2×2 – ~855 SF

The Maple Leaf Assembly represents a rare opportunity to secure a
North Seattle development site with both near-term feasibility and
long-term upside. Structured as a clean acquisition with no participation
components, the offering provides clarity of basis and full control over
future value creation. As the development pipeline continues to contract,
projects positioned today stand to benefit from improving market
conditions in the years ahead. A 2.5% placement fee will be paid by the
buyer at closing. The vision for this site extends beyond the underlying
land value, as demonstrated in the following conceptual illustrations
prepared by the project architect, which highlight the potential for a
well-executed, high-quality residential development in this established
neighborhood.

PROPERTY SUMMARY
Site Size: ~12,300 SF (assembled)
Zoning: NR l2SI LR3 (Proposed/ Phase 2 Pending) Height Potential:
~50 ft (MHA enhanced)
FAR Range: ~2.37 – 3.26
Gross Buildable Area: ~29,000 – 40,000+ SF Unit Potential: 50 – 60 Units
Parking: Minimal/ partial below-grade
UNIT STRATEGY (YIELD-DRIVEN)
Small-unit mix (400-500 SF open one/ 1-bed) High rent per SF efficiency
Double-loaded corridor design Minimal parking requirement
6- Designed for maximum NOI performance
This is a rare opportunity to acquire a development site with built-in
pricing flexibility,allowing the buyer to:
Secure today’s value
Participate in future density upside. Avoid speculative over payment
INVEST. HOLD. PROSPER.
Your Victory lane to lasting Wealth

LEGACY INVESTING WITH VICTORY LANE BROKERAGE

“The Maple Leaf Assembly sits within immediate proximity to Northgate Station—one of Seattle’s fastest-evolving mixed-use hubs—offering tenants walkable access to retail, dining, transit, and the Seattle Kraken’s Iceplex.”

📍 NORTHGATE / MAPLE LEAF – WALKABLE AMENITIES & RETAIL

🛍️ Major Retail / Anchors

  • Northgate Station
  • Nordstrom Rack
  • Barnes & Noble
  • AT&T
  • Lens Crafters
  • Green Lake Jewelry Works

👉 Northgate Station is now a mixed-use hub (retail + housing + entertainment) with dozens of stores and services

🍔 Dining / Restaurants / Coffee

  • Chipotle Mexican Grill
  • Red Robin
  • Stanford’s Restaurant & Bar
  • Starbucks
  • Shake Shack
  • Mendocino Farms
  • Joe & The Juice

👉 Northgate offers a full-service dining mix from fast casual to sit-down restaurants

🏦 Services / Daily Needs

  • Bank of America
  • KeyBank
  • Bright Now Dental
  • Brow Arc
  • Residence Inn by Marriott Seattle Northgate

🏒 Major Entertainment / Sports / Attractions

  • Kraken Community Iceplex
    • Seattle Kraken NHL practice facility
    • Public skating + events
  • Seattle Kraken (training HQ here)

👉 This is a regional draw, not just local retail—big value add for tenants

🚉 Transit / Connectivity (HUGE SELLING POINT)

  • Northgate Station Light Rail
    • Direct Link Light Rail to Downtown Seattle & UW
  • Major bus hub + park-and-ride access

👉 Transit-oriented development is driving massive growth and density in Northgate

🏬 Surrounding Big-Box / Nearby Retail (Very Close)

  • Target
  • Best Buy
  • Ross Dress for Less

👉 These sit just outside the mall and expand the retail ecosystem significantly

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