August 7, 2019 – A multifamily development site, located at 1901 Minor Avenue in Seattle, Washington, has been purchased by Concord Pacific, a Canadian residential developer, for $72 million. Kidder Mathews commercial real estate brokers, Ross Klinger and Tim Foster, represented Concord Pacific in the transaction.
The site is in Seattle’s Denny Triangle neighborhood, close to the offices of Amazon, Facebook, Google, HBO, Seattle Children’s Hospital, and the expanding Convention Center. It has Master Use Permit approval for two high-rise residential towers over a large podium.
As part of a long term commitment to building vertical neighborhoods in Seattle, Concord Pacific, one of North America’s largest urban residential developers, purchased the site at Minor Avenue and Stewart Street, following its first foray, Seattle House (seattlehouse.com), a mixed-use project adjacent to Amazon’s Spheres at 6th and Bell. This new acquisition marks the group’s second commitment to embrace the energy and growth in Seattle.