Cavatina will launch its first residential project in the United States – a 13-story building in downtown Seattle, Washington, made of prefabricated components manufactured in Poland. The project is being developed by Cavatina in collaboration with the internationally renowned architectural firm, Epstein, based in Chicago. Cushman & Wakefield advises the Cavatina Group on matters related to purchasing land for investment. Seattle has experienced a growing population, leading to high demand for housing projects since 2017, after the period of the Great Recession.
Seattle is perceived as a good place to live, and its limited available land for new construction, resulted in a competitive housing market. Additionally, the city's increasing population density and limited space for expansion led to a trend of urbanization, with more people seeking to live closer to the city center and its amenities. This heightened demand for condos in downtown and central neighborhoods. We see a great potential there to utilize our experience and strength of the Polish modular construction industry. Our project will be located on 2nd and Clay Street in the Belltown neighborhood, which is the most densely populated neighborhood in Seattle”,
says Bartłomiej Wentlandt, President of The Board of Cavare S.A., Cavatina Group.
The entry of a Polish entity with significant experience and extensive expertise in the real estate market into the US market is, in my opinion, an incredibly exciting event. We have had the pleasure of working with the Cavatina Group for years in the Polish market, and now we can not only cheer for their development overseas but also support them together with Cushman & Wakefield’s Seattle Team in land acquisition and administrative matters. Seattle, with its high demand for residential sector growth, is an ideal place to introduce the PRS project”,
says Krzysztof Misiak, Head of Cushman & Wakefield Poland.
Modular construction for high quality and sustainability
Modular construction just made sense for our project especially with Cavatina’s Polish heritage and the well established Polish modular construction industry. The building design will rely heavily on structural considerations as the building is located in an active seismic zone. Sustainable practices aimed at reducing energy and water consumption will also be implemented. Stepped green roofs, terraces, and amenities such as fitness rooms, spas and dog runs, are aimed at attracting tenants and promoting healthy living practices”,
explains Patrick Carata, Architectural Design Director at Epstein.