The 46,000-sf property is located at 5614 17th Av NW, one block off Market Street, the main east-west arterial through the area. The site is currently occupied by a low, single-story apartment building, three single family or duplex structures and a parking lot formerly used by the Postal Service, but which now supports a temporary leasing office and staging area for a nearby development project.
All existing buildings on the site would be demolished for Bridgewater Condos. The city recently approved designs for the estimated $22-million project. If there are no appeals, a Master Use Permit will be issued in the next several weeks.
Other than a lot of neighbors in an adjacent condo that will lose their westward views, there is reportedly not a lot opposition to the project. "It's a tough building to blend in because it's a lot taller than the adjacent zone and it's a large block," says senior city planner Scott Ringold.
Scott Brewer of Continental-Bentall says he hopes to get the project underway this September and complete it in March of 2004. The building is planned with a brick base in order to give it "that old Ballard feeling," says Brewer. The asking price for the condos will be in the vicinity of $275 per sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
