Williams Crossing
5216-5228 15th Avenue NE, Lacey, WA 98503
Where this project stands
Proposed → Approved → Under construction → Opening soon → Open. Stage reflects the latest verified record, not promises by the developer.
- Proposed
- Under review
- Approved
- Under construction
- Opening soon
- Open
Description
A large apartment community on the 5200 block of 15th Avenue NE (5216-5228 15th Ave NE, north of 15th & Century Court). The City application (#24-0060, filed April 2024) described 262 units in 12 three-story buildings; the site is now being developed by Sage Homes Northwest as The Elowen (formerly The Cypress Apartments), a 324-unit garden-style community with $67.62 million in construction financing (March 2025). Initial units are targeted to begin delivering in Q2 2026, with final delivery expected Q2 2027.
Latest update
Units at The Elowen (formerly Cypress Apartments) began delivering from Q2 2026; final delivery expected Q2 2027. Verified 2026-10-05.
Updated Oct 14, 2026
What we're watching next
Confirm whether The Elowen is a revision of #24-0060; lease-up and remaining building deliveries through 2027.
Sources
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