Seattle House Master Use Permit in Place for 1MSF
A 38,934-square-foot half-block in downtown Seattle adjacent to Amazon’s headquarters recently sold totaling a land value of $60 million, amid plans for a mixed-use multifamily development.
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.