SEATTLE—Seattle-based real estate investment firm HB Management, led by local developers Ed Hewson and Jon Breiner, has assembled and acquired a downtown Seattle apartment site from Antioch University and from a private owner for combined price of $30.5 million.
Located one block from Amazon's new three-tower campus on 6th Avenue between Battery Street and Bell Street in Seattle's booming Denny Triangle neighborhood, the half-block site totals approximately 38,000 sq. ft. of 400-foot zoned multifamily land. The site is currently occupied by a surface parking lot and a two-story, 65,000 square foot office building.
As part of its redevelopment plans, HB is proposing to build two apartment towers on the site, with approximately 850-950 units, and ground level retail. The company completed early design guidance and anticipates completing design review this winter.
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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.
