SEATTLE-Lorig Associates LLC and Stellar International Holdings have agreed in principle to buy 5.9 acres of vacant land on the south lot of Northgate Mall from Simon Properties for a 1,000-unit residential and retail development.

Lorig is a local developer whose work includes Uwajimaya Village, Market Place North, The Wallingford Center and Queen Anne High School Apartments. Stellar is a private investment company based in Seattle. Simon, an Indianapolis-based mall REIT, is the owner of Northgate Mall.

“We have investors ready to help us unleash the potential at Northgate,” says Mayor Nickels. “We just need the City Council to move on legislation I’ve sent them … .”

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