Seattle & Northwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
South Park Property Purchased by Seattle’s Cultural Space Agency
A 32,000-square-foot parcel in the South Park neighborhood has been purchased by the Cultural Space Agency, a real estate company chartered by the city of Seattle in 2021. The firm teamed-up with Cultivate South Park to buy four buildings in the community.
The acquisition is funded using $2.3 million from the city’s Strategic Investment Fund as well as $3.5 million in private donations. The project, called El Barrio, will allow permanent community ownership of the parcel. Included in the purchase is 100-year-old South Park Hall, along with the South Park Idea Lab, a coffee shop and a parking area to be used as entertainment space.
In a news release, the Cultural Space Agency quoted the co-founder of partner Cultivate South Park Cote Soerens, “The neighborhood should own the neighborhood!”, and to that end, a full-participation ribbon-cutting is scheduled for June 18th at the corner of 14th Avenue and South Cloverdale Street.
- ◦Sale/Acquisition
