April 16, 2019
The Hudson Apartments, a 127-unit apartment property in Seattle’s Queen Anne neighborhood, has traded hands for $38.8 million. The seller was Timberlane Partners, while the buyer was an unnamed private family with several local real estate holdings.
Built in 1987, the asset underwent extensive renovations from 2014 through 2016. It overlooks Lake Union, with scenic views of Gas Works Park and Downtown Seattle. The site provides residents unmatched access to the market’s tech employment hubs, as well as Seattle’s quintessential lifestyle amenities.
The comprehensive modernization of the building included unit finishes and upgraded amenities such as a fully-equipped gym, large deck with community BBQ, and bike maintenance and storage area.
Colliers International’s Dylan Simon and Jerrid Anderson represented the seller.
Simon says, “The sale of The Hudson demonstrates the value of a well-executed, value-add capital improvement program, enlivening an older asset to compete with Seattle’s most modern buildings.”
For comments, questions or concerns, please contact Dennis Kaiser