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.

Related Content

The New York-based real estate company and provider of shared workspaces also announced plans to open three more area locations

The New York-based real estate company and provider of shared workspaces also announced plans to open three more area locations

The Seattle company says it has added more office space to accommodate the anticipated growth

The Seattle company says it has added more office space to accommodate the anticipated growth

Space availability in the city’s central business district is far tighter than in the suburbs overall, new report shows

Space availability in the city’s central business district is far tighter than in the suburbs overall, new report shows

High-rise residential development in Seattle has soared over the past decade, new study shows

High-rise residential development in Seattle has soared over the past decade, new study shows