Home AEC 107-Unit Development Site in Seattle’s Central District Hits the Market

107-Unit Development Site in Seattle’s Central District Hits the Market

Seattle, Central District, Kidder Mathews, Passive House, 24th & Union
Courtesy of Kidder Mathews

Seattle, Wash. (April 12, 2021) – A fully-permitted 107-unit apartment development site in Seattle’s Central District was just listed for sale by Dylan Simon, Jerrid Anderson, and Winslow Lee of The Simon and Anderson Team, a multifamily investment team at Kidder Mathews, headquartered in downtown Seattle.

Located in Seattle’s Central District, 24th & Union Development demonstrates continued investment in one of Seattle’s oldest and most diverse communities.

Designed and permitted as a Passive House development, the building plans are engineered beyond existing energy code regulations. A Passive House certified development provides an ultra-low energy footprint, reduces the building’s ecological impact, and provides residents a living experience well beyond the environmental comfort and quality of nearly all residential buildings in the region.

“It’s truly a testament to the significance of the Central District as both a culturally iconic neighborhood and desirable lifestyle choice for renters to see a developer choose to design a building of this quality and thoughtfulness,” commented Simon. “Over the past decade, the real estate community continues to invest in the Central District at a rapid pace, adding quality residential developments and significant retail amenities,” continued Simon.

The 107-unit development capitalizes on the Central District’s ideal mid-city location, providing residents easy access to both downtown Seattle, and direct arterial-to-freeway access to Eastside job centers in Bellevue-Kirkland-Redmond.

As far as lifestyle amenities, the East Union Retail District, spanning five city blocks west to east, from 20th Avenue to 25th Avenue, offers a lively, unique, and authentic collaboration of community-based retailers, eateries, and venues for libation and communion.

About the Dylan Simon and Jerrid Anderson multifamily investment team
The multifamily investment team led by Dylan Simon and Jerrid Anderson of Kidder Mathews represents apartment investors and developers in the sale, purchase, and financing of apartment buildings and mixed-use commercial real estate development land throughout the Seattle and the Puget Sound region. Their team of seven experienced multifamily brokers represent clients in sales transactions ranging from $1M to $100M.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $8 billion in transactions, manages over 70 million square feet of space, and conducts over 1,800 appraisals annually.