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June 29, 2015

MidTown Center property in Seattle's Central District listed for sale, could set record

Puget Sound Business Journal

Emily Parkhurst

Kidder Mathews has begun marketing a large property in Seattle's Central District that could set records when it sells.

The 106,000-square-foot MidTown Center property at 23rd Avenue and East Union Street is in the process of being rezoned to allow buildings taller than four stories, according to a report by the Capitol Hill blog. It is a full city block in the center of Seattle, and Kidder Mathews has seen a lot of interest in the property.

"I anticipate it will be a record setting price," Jason Rosauer, partner at realtor Kidder Mathews, told the Capitol Hill blog.

"For the first time in over 70 years, the MidTown Center property, one of the last remaining large developable sites in Seattle, WA, is on the market for sale," says Kidder Mathews marketing material. "This offering includes more than two acres of flat land on a full city block in the center of Seattle."

Another developer across the street, Lake Union Properties, has plans to build a six-story building with around 145 apartments and retail space at the northwest corner of 23rd Avenue and East Union Street, where Cappy's Boxing Gym and a 76 gas station operate.

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

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