When complete, Milliken expects the hot Seattle market will bear the $375/sf asking price for the condos at 516 First Avenue W. The units will range from $262,000 for a 700-sf unit to a whopping $600,000 for 1,600 sf. Milliken was not immediately available to comment on the project, named TriBeCa after an urban neighborhood in lower Manhattan, New York.
In the 90's, Vancouver, B.C.-based Milliken developed the Marketplace at Queen Anne. That complex was anchored by the grocery, Larry's Market. Milliken then proceeded with a project at the Harvard Market on Capitol Hill, the key property of which was a Quality Food Center store. QFC owns the grocery, but Milliken sold the remainder of the property this past summer to the Tomlinson family of Seattle, which paid $13.5 million.
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