August 8, 2019
Canadian residential developer Concord Pacific acquired a multifamily development site, located at 1901 Minor Avenue in Seattle for $72 million. The site is in Seattle’s Denny Triangle neighborhood, close to the offices of Amazon, Facebook, Google, HBO, Seattle Children’s Hospital, and the expanding Convention Center. It has Master Use Permit approval for two high-rise residential towers over a large podium.
Kidder Mathews’ Ross Klinger and Tim Foster represented the buyer, which is one of North America’s largest urban residential developers.
This new acquisition of the site at Minor Avenue and Stewart Street marks Concord Pacific’s second commitment to embrace the energy and growth in Seattle. Its first foray, Seattle House, was a mixed-use project adjacent to Amazon’s Spheres at 6th and Bell.
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