March 7, 2018 Comments Off on $115M Development Financing for Seattle Seniors Project Views: 2380 National News, Washington, West

$115M Development Financing for Seattle Seniors Project

Columbia Pacific Advisors secured $114.69 million in financing for the development of 620 Terry, a luxury, high-rise seniors housing property in Seattle’s First Hill neighborhood. The property will include 243 Class A residential units comprising 194 independent living units, 21 assisted living units and 28 memory care units.

The 24-story property is due for completion in 2019, and will feature a high level of amenities, care and treatment, including concierge services, a full-service restaurant, bistro/café, two bars and top-level club room. Additionally, 620 Terry will have an auditorium, theater, wellness suite/gym and other activity spaces.

The property is situated within a five-block radius of three major area hospital systems, and is less than one mile from an array of lifestyle and entertainment amenities in downtown Seattle.

HFF’s David Fasano, Sarah Anderson, Casey Davidson, Ryan Maconachy and Chad Lavender represented the borrower. The participating development loan was provided by HCP, Inc.

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