SEATTLE, WA - CBRE announced the $17.5 million sale of a 0.61-acre site located at 2700 1st Avenue in downtown Seattle’s Belltown neighborhood, to a confidential buyer. The 26,640-sq.-ft. parcel is zoned for residential development up to 267 units.
Eli Hanacek, Jon Hallgrimson, Frank Bosl and Kyle Yamamoto with CBRE’s Pacific Northwest-based multifamily team represented the seller, Churchome.
The zoning allows for high-rise or mid-rise residential development with a maximum...