Kidder Mathews to Market Prime Development Site in Downtown Seattle

June 27, 2019— Kidder Mathews is exclusively marketing a 12,972 square foot development site located at 2115 and 2121 5th Avenue in Seattle. The site lies in the heart...
5th Avenue Development

June 27, 2019— Kidder Mathews is exclusively marketing a 12,972 square foot development site located at 2115 and 2121 5th Avenue in Seattle. The site lies in the heart of Belltown, one block from the Amazon Spheres and Amazon’s 3,000,000 square foot high-rise towers. It is two blocks from The Westin Seattle to the east, two blocks to Westlake Avenue near Pacific Place to the south, and a four-minute walk to the South Lake Union Streetcar.

The project has a Master Use Permit (MUP) approval from the City of Seattle. The current design includes a 170-foot mixed-use hotel and residential development with 207 hotel keys (126,225 square feet) and 119 residential units (91,758 square feet). Typically, with an approved MUP, the exterior massing is solidified, but a developer would have the option to reconfigure the interior unit layout, that could be done during the building permit phase when construction drawings are being completed.

“The 5th Avenue site is an ideal location for a new Seattle hotel flag. Columbia Hospitality is familiar with the project and would be interested in operating the new hotel,” said Yogi Hutsen, executive vice president of Columbia Hospitality.

Kidder Mathews investment brokers, Ross Klinger and Tim Foster, are marketing the property for sale.

“2115 and 2121 5th Avenue is one of the last sites available on 5th Avenue in Seattle that allows for an institutionally sized hotel/mixed-use project,” said Klinger.

For more information, visit the website at FifthAveSeattleSite.com.

Categories
CommercialDealsDevelopmentDevelopmentMixed UseNationalSeattleWest

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