The multifamily development site located at 1901 Minor Avenue has sold for $72 million. The site was purchased by Concord Pacific, one of North America’s largest urban residential developers. The seller of 1901 Minor was Crescent Heights of Miami who had been assembling the site since 2014. The deal also includes the value of plans and Master Use Permit approval.
Designed by Gensler, plans call for the construction of two 40-story towers (including an 8-story podium) with 953 residential units. It is yet to be announced whether they will apartments or condominiums. The development will also provide 14,400 square feet of retail/commercial space and below grade parking for 649 vehicles. Including parking, the project totals at about 1.2 million square feet.
Located in the Denny Triangle neighborhood, the site is close to the offices of Amazon, Facebook, Google, HBO, and the expanding Washington State Convention Center.
On the west side of the block is another planned two-tower development, 1916 Boren, which is still in the design review process.
1901 Minor marks the developer’s second commitment to Seattle after following its recent purchase of a twin-tower residential project at 2300 6th Avenue called Seattle House.