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5/18/17
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A 22.8k sf, high-rise development site in the Denny Triangle, one of downtown Seattle’s fastest growing neighborhoods, sold for $25 mil. The property, located at 1916 Boren Ave, was purchased by GZI Boren LLC.
The property is zoned for mixed-use commercial development up to 440 feet. The buyer plans to develop apartments or condominiums on the site. There are currently 33 approved and pending projects in the area slated to contain 3.5 msf of office space and about 10,000 homes.
Ross Klinger, Jim Klinger and Tim Foster with Kidder Mathews represented the seller in the transaction. The trio was also recently involved in the sale of 1200 Howell Street in Seattle. It is the only residential condo tower currently under construction in the neighborhood.
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