SEATTLE—GlobeSt has learned that Dimension, one of the most popular new high-rise apartment buildings in downtown Seattle is coming to market, with an expected asking price for more than $100 million. Developer, Wood Partners, shared the news with GlobeSt exclusively.

Dimension, which opened in the fall of 2014 on the corner of Cedar and 3rd in Seattle's Belltown neighborhood, is now over 80% leased after just seven months on the market, the developer said. The sale begins Wednesday, and CBRE is the broker.

“Dimension is the best example to date of what our team can produce through an integrated approach to development, where we engage marketing, design and operations in a process of research and development, much like many of the top companies developing products outside of our industry,” said Frank Middleton, Western region development director for Wood Partners. “This approach has clearly met local demand for the experience of being connected to something genuine, local, creative and cultural – a scarce yet valuable recipe in multifamily development.”

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
NOT FOR REPRINT

© 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.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.