American Capital Group and Clarion Partners have partnered to develop Enso, a 316-unit multifamily project in Lynnwood, Washington. The development is being financed by Pacific Life Insurance Company and construction is set to begin in August 2024 with an expected completion date of Summer 2026. According to ACG CEO BJ Kuula, the timing of Enso’s development is crucial as many people are unable to afford homeownership and new multifamily housing starts have slowed due to market dynamics.
Enso will be located at 4001 198th St. SW and will include over 4,200 square feet of retail space along with modern housing options. The community will also feature amenities such as a co-working space (2,600 square feet), fitness facility (3,000 square feet), game lounge (2,400 square feet), and resident lounge (2
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