July 09, 2015
One of the last large development sites in Seattle could set a record
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Seattle, Wash. (July 9, 2015) - The MidTown Center property is a full city block located on a major intersection at 23rd Avenue and East Union Street in the Capitol Hill neighborhood of Seattle that's for sale for the first time in 70 years. The project is being marketed by Kidder Mathews' brokers Jason Rosauer, senior vice president, and Rob Anderson, both investment specialists.
The site is ripe for large-scale development and it's strategically located between major employment hubs in downtown Seattle, South Lake Union, and Capitol Hill and numerous dense residential communities. It is surrounded by significant new commercial development, as well as, over $43 million in improvements to 23rd Avenue by the City of Seattle. There are currently five structures on the MidTown site, and it is currently in the process of being rezoned to increase construction height on the site from 40 feet to 65 feet.
"Located in the heart of an urban neighborhood connecting dense residential communities with the rapidly expanding business district, this property offers a unique opportunity to acquire a full city block, with incredible development potential in the fastest growing city in the country," said Rosauer.
For more information on MidTown Center, visit seattlemidtown.com.
About Kidder Mathews
Kidder Mathews is one of the largest independently owned commercial real estate firms on the West Coast, with over 500 real estate professionals and staff in 10 offices in Washington, Oregon, and California. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $3.2 billion transactions, manages 30 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.