Lucille on Roosevelt
Seattle, WA
106 Luxury Apartment Units - 7 Stories
Developer: Hive
Lucille on Roosevelt is an award-winning luxury apartment community that sets the standard for community placemaking and a wonderfully defined residential living experience. Developed by a local family as a long-term legacy portfolio piece, the project is thoughtfully designed and executed down to every detail.
Arrive was engaged by Hive to provide a strategic launch/lease-up strategy and to create an in-house property management growth plan with direct training and oversight to the team. Our team also assisted with construction turnover helping to ensure the construction schedule was met and the transition to leasing was seamless.
Arrive's customized services helped to not only meet but drastically exceed leasing goals, revenue performance, and team growth and training projections.
SERVICES:
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Strategic Growth Plan, Hiring, and Training for In-House PM Team
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Customized Launch and Lease-Up Plan and Implementation
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Construction Turnover Management
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Financial Projections (Rent Roll, OpEx Budgets, MFTE Recommendations)
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Consultant and Vendor Recommendations, Onboarding, and Oversight
"We are so thankful for bringing Arrive on board for our lease-up of the 106-unit Lucille Apartments in Roosevelt. They not only helped us completely shatter our leasing velocity goals, achieving 99% occupancy in just over four months, but rent growth was significantly higher than projected, setting ourselves up for more attractive permanent financing options. Amy was instrumental in implementing our staffing needs during this time, as well as setting ourselves up for future growth. Their thorough construction close-out project management ensured nothing was over-looked, bestowing our regular maintenance and management teams a turnkey asset at the completion of the project. I would highly recommend Amy and her team!"
Chris Pasco, Principal, Hive