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.
“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.