July 2, 2019
Canada’s Concord Pacific bought a half-block development site in downtown Seattle for $60 million. The 38,934-square-foot parcel is adjacent to Amazon’s HQ and planned for Seattle House, a mixed-use multifamily development, in a joint venture with HB Management.
The site at 2300-2350 6th Ave. in the Denny Triangle neighborhood, has a master use permit in place for roughly one million square feet of buildable space. Development plans include two 45-story residential towers reaching 465 feet tall. More than 900 residences are entitled, although the final count and mix of units could change. There are extensive amenity spaces envisioned on the rooftops and in the 12-story podium, plus an urban lifestyle-oriented retail slated for the building’s street level.
The seller and joint venture partner, HB Management, is a local developer and manager of downtown Seattle multifamily projects. Kidder Mathews’ Ross Klinger represented the buyer in the transaction, and Paragon Real Estate Advisors represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser