Seattle — Peak Campus Development and investment partner Blue Vista Capital Management has acquired a development site located near the University of Washington in Seattle. The new project — titled Theory U District — is set to offer 500 beds in studio, one-, two-, three-, four- and five-bedroom, fully furnished units. Shared amenities will include a rooftop deck, multiple study rooms, a landscaped courtyard for outdoor activities, a fitness room, package lockers and parking. The site was previously owned by the University Christian Church (UCC), which moved out of the property last summer. According to a press release issued by UCC last year, proceeds from the sale will go into a foundation established by remaining UCC members. Demolition of the site’s previous building has been completed by UCC and vertical construction for Theory U District will commence later this year with a projected opening in fall 2022.