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<li>MacNaughton formed a joint venture with Quarterra to develop a 796-unit luxury mid-rise apartment community in Seattle, including more than 25,000 square feet of retail.     *      Nomura Real Estate Development, Keihanshin Building, Kintetsu Real Estate joined the venture as investment partners alongside MacNaughton.     *      The project, adjacent to University Village at 3020 NE 45th Street, broke ground in August 2025.     *      Vertical construction is advancing, with excavation completed, utility undergrounding nearly finished, and concrete pours underway for the foundation and second level.     *      About 26% of units are designated as rent- and income-restricted under Seattle affordability programs. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MacNaughton Inc published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here</li>
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<p>MacNaughton and Quarterra have formed a joint venture to develop a 796-unit luxury apartment community in Seattle, featuring over 25,000 square feet of retail space. The project, which broke ground in August 2025, includes investment partners Nomura Real Estate Development, Keihanshin Building, and Kintetsu Real Estate. Approximately 26% of the units will be rent- and income-restricted under Seattle's affordability programs.</p>

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MacNaughton, Quarterra form joint venture for 796-unit Seattle apartment project