Concord Pacific has purchased a 38,934-square-foot half-block adjacent to Amazon's HQ.
SEATTLE—Concord Pacific, a Canadian master-planned urban community builder, has purchased a 38,934-square-foot half-block in downtown Seattle adjacent to Amazon's headquarters for a mixed-use multifamily development in a joint venture with HB Management. The two-phased sale totaled a land value of $60 million.
The seller and joint venture partner, HB Management, is a local developer and manager of downtown Seattle multifamily projects. Kidder Mathews' Ross Klinger, represented Concord Pacific in the transaction and Paragon Real Estate Advisors represented HB.
The development site, Seattle House, is located at 2300-2350 6th Ave. in Seattle's Denny Triangle neighborhood. A master use permit is in place for roughly 1 million square feet of buildable space. The development plans include two 45-story residential towers reaching 465 feet tall.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
