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December 24, 2014

Developer Martin Selig now owns the Ballard Burger King

Puget Sound Business Journal

Marc Stiles

Martin Selig Real Estate has acquired just over an acre in Ballard, where he's planning a large office project.

Selig paid $16.25 million for the property at the northeast corner the Seattle neighborhood's main intersection, Northwest Market Street and 15th Avenue Northwest. King County recorded the deal Tuesday.

Selig is proposing a five-story office building for the property, where today a Burger King and Shell gas station operate. Also on the site is a small office buiilding. Selig's project will have a gross square footage of around 204,000 square feet.

This fall, Selig said his preliminary plan is to break ground on the project in the third quarter of 2016.

Selig assembled three properties for the project. The sellers were Arthur and Cory Saulness of Conway, Skagit County; ACD Associates LLC of Ballard; and Sant-Bhan Enterprises of Everett. Commercial real estate brokers Jim and Ross Klinger of Kidder Mathews marketed the properties for sale.

Selig has several other large projects lined up, including another one in Ballard. It's a two-building project at 907 N.W. Ballard Way, a block north of Fred Meyer, though the developer said that project is not as far along.

In downtown Seattle, Selig is planning to build an apartment project by Olympic Sculpture Park, a 440-foot-tall residential and office tower, and a smaller office project. In Lower Queen Anne, he's planning an office project.

For the full story, go to Puget Sound Business Journal.

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