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

A half-block parcel in downtown Seattle adjacent to Amazons 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 6^th 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 Concords 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.