Wright Runstad & Company and J. P. Morgan announced that they welcomed the first residents to The Residences at Rainier Square earlier this summer. Located in the heart of downtown Seattle, Rainier Square’s striking profile is wrapped in glass and prism panels, making it an exciting addition to the skyline. Wright Runstad & Company partnered with institutional investors advised by J.P. Morgan Global Alternatives on development of the Rainier Square mixed-use project.
Sitting atop Rainier Square, The Residences are an exclusive collection of 189 for-lease homes that start where other towers end, occupying floors 39-58 of the mixed use structure. The 40th floor Sky Lobby is 550 feet above the street and boasts 20-foot ceilings and walls of windows. With horizon-to-horizon views, every home offers unprecedented penthouse-height living, making each one an opportunity like no other in downtown. The Residences offer exclusive and spacious 1, 2, and 3-bedroom plans and a handful of top floor Penthouses, each with more than 3,000 square feet of living space.
The Residences at Rainier Square were designed and finished to the standards of Seattle’s premier condominium homes, and some of its early residents have taken advantage of its unique offering of leases up to 20 years in length. Long-term leasing, while not new in other areas of the country and world, is not common in Seattle and it is just one more detail that sets The Residences at Rainier Square apart from any other luxury rental building in the city.
NBBJ is the architect for Rainier Square’s signature tower and The Residences were designed by Ankrom Moisan Architects and The Society. Wright Runstad & Company’s residential development team also included The Schuster Group as owner’s representative and Turner Construction as general contractor. Greystar serves as the community manager and leasing agent for The Residences.
With approximately 14,000 square feet of curated and exclusive amenity spaces, residents have abundant opportunities to relax, connect and practice wellness. Residents also enjoy 24/7 concierge services that add convenience and efficiency to their daily lives, and amenities are trophy quality with unique features like a Full Swing golf simulator within the golf lounge and an indoor grilling station that opens to the fresh air. Every detail was thought of not only for the residents, but their four-legged friends including a full-service pet lounge with grooming stations, an exercise room, play area, and pet relief.
“Our goal was to create a vertical community within the heart of Downtown Seattle where residents could live, shop and work,” said Jon Runstad, chairman of Wright Runstad & Company and a new resident. Jon adds, “Rainier Square will feature a new PCC Community Market at The Residences’ doorstep along with other exclusive retail offerings. Residents who work remotely will appreciate the expansive co-working spaces along with reservable conference and entertaining spaces. Our design and development team worked hard to bring the best aspects of multifamily and hospitality together to create an unforgettable living experience.”
Most homes offer powder rooms for guest use, including one-bedroom homes, a unique touch in the multifamily sector. Every residence also features luxury hardwood-style flooring, high-end Italian Bertazzoni appliances, gas ranges, panelized appliances, waterfall islands, casework with integrated lighting, backlit mirrors, walk-in showers featuring tiled surrounds and glass doors, custom closet systems, air conditioning, smart home technology, and infinite views to the water and skyline.
Premium homes feature upgrades including double ovens, built-in microwave drawers, an undercounter wine fridge, soaking tubs, full size pantries, custom built-in casework, linen cabinets, and walk-in laundry rooms. On the upper floors of The Residences, soaking tubs are featured along the glass so residents can unwind while taking in the breathtaking views, a luxury afforded by the privacy of living 800 feet above the city.
The penthouse homes have additional upgrades beyond the premium offerings, including Wolf and Subzero appliances, a full-size Subzero wine fridge, concealing casework on appliances, two panelized dishwashers, gas fireplaces, and electric roller shades.
Visitors can explore all of the exclusive features of The Residences at Rainier Square by visiting its website at www.liverainiersquare.com. Tours for interested prospective residents can also be reserved on the website.
For more information about Rainier Square, visit www.rainiersquare.com
About Wright Runstad & Company:
Seattle-based Wright Runstad & Company develops, acquires, manages and leases high-quality commercial office and mixed-use buildings located primarily in the Pacific Northwest. The company is in its fifth decade as one of the region's premier real estate development and operating companies, delivering outstanding property performance and superior investment returns. Wright Runstad & Company maintains an exceptional reputation among tenants and institutional investors for its demonstrated commitment to integrity and high levels of quality and service. For more information, visit www.wrightrunstad.com
About J.P. Morgan Global Alternatives:
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternatives investment manager, $191 billion in assets under management and more than 600 professionals (as of June 30, 2021), we offer strategies across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation and liquid alternatives. Operating from offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: visit www.jpmorgan.com/am
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