Downtown Seattle Land Sale Sets the Stage for Twin-Tower Condo Development

Canadian developer Concord Pacific will team with Seattle developer HB Management to bring the project to life
Updated: Mon, 07/01/2019 - 16:41
 
 
  • Canadian developer Concord Pacific will team with Seattle developer HB Management to bring the project to life

A half-block parcel in downtown Seattle adjacent to Amazon’s headquarters has been purchased for $60 million by Canadian developer Concord Pacific, which plans to develop two 45-story condo towers featuring some 900 units.

The parcel was sold by HB Management, a local multifamily project developer and manager. It will remain as a joint venture partner with Concord in the planned twin-tower development, dubbed Seattle House, according to Kidder Mathews, which represented Concord in the sale. The towers, to be located at 2300-2350 6th Ave., in the Denny Triangle neighborhood, are expected to top off at 465 feet ― essentially one-and-a-half football fields tall.Rendering of planned Seattle House development.

“Seattle House is one block south of the Amazon high-rise campus and three blocks north of the new Apple campus,” Kidder Mathews real estate broker Ross Klinger says. “Concord Pacific and HB Management envision a new vertical city model for the property. It will also bring much needed “for sale” housing product and Concord’s much-desired model contemporary urban living to the Seattle market.”

In addition to the residential units, the street level of the complex will feature “urban lifestyle-oriented” retail.

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