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The Post’s Walkability Fuels Renter Demand
The Post, a high-rise apartment building located on Seattle’s revitalized waterfront, recently sold to Griffis Residential. The price was undisclosed.
Built in 2013, The Post stands 16 stories at 888 Western Ave. in downtown Seattle. The building has 208 units with studio, one- and two-bedroom floorplans averaging 701 square feet.
CBRE’s Jon Hallgrimson, Eli Hanacek, Mark Washington and Kyle Yamamoto represented the seller, an institutional investor.
“The Post is a trophy building with condo-quality finishes and unobstructed views of Elliott Bay and the Olympic Mountains. Renter demand for the apartments is fueled by the building’s walkability to the Puget Sound’s top employers and most iconic attractions,” said Hallgrimson.
The property is 150 yards from the Bay and adjacent to Seattle’s Waterfront Redevelopment project. The $728 million project is working to improve accessibility and aesthetics around downtown Seattle’s waterfront. The Post is also located within blocks of the Link Light Rail, Seattle Streetcar, Amtrak Cascades, King Street Station and the Seattle Ferry Terminal.
