April 17, 2008 – Mosler Lofts, a high-rise condominium located in downtown Seattle’s historic Belltown neighborhood, has been named the Best Multifamily Community of the Year by the National Association of Home Builders (NAHB). The award, sponsored by Wells Fargo Home Mortgage is a top honor in NAHB’s prestigious Pillars of the Industry Awards program, which annually recognizes excellence in multifamily housing.
“Mosler Lofts is a tremendous example of urban living at its best,” said Steve Patterson, chairman of NAHB’s Multifamily Leadership Board and CEO of ZOM USA. “Best of all, it is a ‘green community’ that can be a prototype for other multifamily projects going forward.”
Designed by the Seattle-based architectural firm, Mithun and developed by The Schuster Group, the Mosler Lofts Community includes recycled local and regional materials, ultra-efficient HVAC systems and a rain garden that collects storm water to reduce water consumption by 30 percent. Community amenities include a green roof terrace as well as a library, art gallery and café. The loft-style condominiums range in size from 500 to 2000 square feet and feature open floor plans with floor-to ceiling windows with great views.
Described as hip and urban, the 150-unit Mosler Loft community has demonstrated success in Seattle’s highly competitive housing market, especially resonating with the city’s young professionals. It was the fastest-selling condominium community in Seattle when it opened two years ago, reaching 90 percent occupancy within six months.
The 2008 Best Multifamily Community of the Year project was selected from among all the winners of the 20 builder categories in the Pillars of the Industry Awards program. Before being given this award, Mosler Lofts earned the top honors in the Best High-Rise Condominium Community category.