Fourth Avenue Capital Breaks Ground on Badger Heights Apartments in Richland, WA

Fourth Avenue Capital Breaks Ground on Suburban WA Apartments
CRE Market Beat Take
Breaking ground on a 72-unit project in a large master-planned community signals continued developer confidence in Tri-Cities multifamily demand, particularly in amenity-rich suburban settings.

Fourth Avenue Capital has started construction on Badger Heights Apartments, a new 72-unit luxury multifamily community in Richland, Washington. The project is rising within the master-planned South Badger Mountain development, positioning the community within a larger, long-term residential framework on the south side of the city.

Badger Heights is located at 3601 Grapeview Street and is part of an approximately 1,500-acre master-planned community. The location provides residents with immediate access to parks, trail networks, schools, and a range of recreational amenities that are planned for the broader South Badger Mountain area, along with future retail and service offerings.

The apartment community will offer a mix of one-, two-, and three-bedroom homes, with unit sizes ranging from 733 to 1,318 square feet. This range of layouts targets a variety of renter profiles, from singles and couples to households needing larger floor plans, while maintaining a consistent luxury positioning across the property.

Fourth Avenue Capital, which is leading the project, is a real estate investment, development, and operating company with headquarters in Seattle and Spokane, Washington. The firm focuses on middle-market multifamily housing investments throughout the Pacific Northwest, using projects like Badger Heights to expand its regional portfolio in growing suburban and secondary markets.

Commenting on the market context for the development, Managing Partner Chris Rossman noted that Richland is one of the most desirable housing markets in the Inland Northwest. He highlighted the broader Tri-Cities area as offering a combination of economic opportunity, high quality of life, and extensive outdoor recreation options, factors that support ongoing multifamily development in the region.

As part of the larger South Badger Mountain plan, Badger Heights is expected to benefit from the long-term build-out of the surrounding community, including new neighborhood amenities and services that will come on line over time. While specific delivery and financing details were not disclosed, the start of construction underscores continued investor and developer interest in well-located suburban multifamily projects within established growth corridors.

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