Parallel 49

The city of Anacortes has been in a rental housing shortage for the past couple of decades. PH Development and a JV partner identified an existing hospitality building suitable for conversion to an apartment complex to address this supply shortage.

Located in downtown Anacortes, the finished apartment units offer residents the opportunity to walk to grocery stores, restaurants and Anacortes’ accessible waterfront. The Washington State Ferry terminal is located just a 10 min drive from this site. A sizable marina development is underway, bringing many new restaurants, shops, and waterfront activities to the city. The local jobs base is diverse and pulls from throughout Skagit County and the Oak Harbor area of Whidbey Island.    

Site SF: 30,000

Building SF: 18,000

Status: Completed