Holland Partner Group is one step closer to making its proposed 45-story residential tower a reality, following its recent acquisition of the project site. According to public documents filed with King County on Aug. 5, the Vancouver, Wash.–based development company acquired the project site at 616 Battery Street for $40 million.
The South Lake Union 0.4-acre site was sold by Seattle-based Clise Properties and previously housed the former Old Elephant Car Wash. Located at a major junction where Denny, Dexter, 7th and Borealis Avenue all intersect, the site is currently vacant and poised for development as Holland Partners takes its proposed project through the entitlement process.
According to previous reporting from The Registry, the project last met with the City’s Downtown Design Review Board on June 7, at which time the project received approval to move ahead to a recommendation hearing.
During the meeting, the design team – which includes Weber Thompson as the main architect – shared conceptual plans for the project which included 455 residential units and between 1,755 square feet and 2,150 square feet of retail space. Project plans also call for up to 263 parking spaces in an above- and below-grade parking structure.
The project would join numerous residential developments by Holland Partner Group in the Seattle area, including the 410-unit Ivey on Boren project, which is set to open this year. In 2018, the company also completed development on the 461-unit Kiara apartment complex, which is located at 111 Terry Avenue N.
Founded in 2001, Holland Partner Group has completed developments across many major markets in the Western United States, including in Portland, Los Angeles, Denver, San Diego and San Francisco. Since its founding, the company’s acquisition and development volume has reached more than 50,000 apartment homes and more than $20 billion.