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Skyline Apartments work starts on Federal Way

Skyline Apartments construction started in July on Federal Way. Photo by Teya Vitu.

Three years in the works under two successive development groups, the 192-unit Skyline Apartments started construction in late July on Federal Way in front of the Overland Post Office.

Skyline Apartments upon completion in October 2019 will sit at the edge of the Boise Bench, overlooking southeast Boise and the Boise foothills.

The complex will have nine three-story residential structures and a clubhouse. There will be 78 one-bedroom units, 90 two-beds, and 24 three-beds, according to permit filings with the city of Boise.

PETRA Inc. of Meridian is the general contractor.

A southern California group acquired the 7.89 acre property and existing architectural plans at a June 2017 auction for $1.893 million, nearly double the assessed value at the time of $989,600.

The Ada County Assessor’s Office lists RTA Skyline LLC as the owner of the 2120 Hudson Ave., where Skyline is being built. The limited liability corporation tracks back to Trinity Property Consultants of Irvine, California.

Trinity Property Consultants manages more than 23,000 apartment units in about 103 apartment complexes in 16 states, including 12 in Washington, one in Oregon and 10 in Colorado.

Skyline Apartments will have nine three-story structures and a clubhouse. Image courtesy of PETRA Inc.

City permit applications list the applicant as San Francisco-based FPA Multifamily, which has the same address for its Irvine office as Trinity Property Consultants. FPA has invested in 500 apartment properties with more than 100,000 units in 22 states.

Officials at FPA Multifamily have not responded to numerous requests for an interview.

Skyline Apartments dates back to an original April 2015 submission to the city from Boise developer Jim Conger on property then owned by Citadel Storage. The property and The Architects Office plans for Conger were auctioned off in June 2017 with RTA Skyline the winning bidder in a heated auction.

FPA Multifamily is using the original architectural plans, though it has made several changes, including the addition of three-bedroom units and a swimming pool. The complex was reduced from 196 to 192 units, according to city documents.

About Teya Vitu

Teya Vitu is an Idaho Business Review reporter, covering commercial real estate, construction, transportation and whatever else may intrigue him in the moment. Join me on Twitter at @IBR_TeyaVitu.