Theory
U District

About Theory U District

Theory U District is a 441- student apartment community that will serve students of the University of Washington. The project is located on 15th Avenue which is away from the U District’s “The Ave” entertainment, retail and restaurant corridor and is just minutes to the University, Greek Village and new light rail station. The project will consist of studio, one-, two-, three-, four-, and five-bedroom apartments that are fully furnished with top of the market finishes including keyless entry locks to the bedroom, quartz counter tops, hardwood style flooring, upgraded lighting and cabinetry. An Abundant amenity package will be offered, including a spacious roof deck, parklike courtyard, 24 hour fitness center, virtual business center, study/conference, package locker systems, and ample parking and bike storage.

"We’ve spent considerable time in the U District market looking for the right opportunity. This project has all right elements – an ideal location and a highly differentiated concept and amenity package to serve the growing housing needs of one of the nation’s premier state universities. This is complemented by this project fitting perfectly into Peak’s development mission to deploy significant capital into well located high value assets."

- Mike Paluga
Senior Vice President | Development

Project Detail

New Mid-Rise building with a courtyard level (7 stories including courtyard level)
171 units
441 beds
60 parking spaces

Duration

  • 20 Months
  • September 2022 Completion

Services Performed

  • DEVELOPMENT
  • FINANCING
  • MANAGEMENT