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Two Multifamily Projects Planned for Seattle Intersection
NASH Holland and Deal Investments, a pair of multifamily developers, have purchased land at adjacent corners of Northwest Market Street and 24th Avenue Northwest in the Ballard district of Seattle. According to the Puget Sound Business Journal, NASH Holland bought 1.2 acres for $28.7 million and Deal Investments paid $13 million for three parcels.
The NASH Holland project (pictured) is slated to be a seven-story apartment complex featuring 238 units and 168 parking stalls. Carrier Johnson + Culture is the architect and construction is set to commence next month.
The Deal Investments development will be eight stories and features approximately 180 units, 4,500 square feet of ground floor retail and 114 parking stalls. Designed by Urbal, the project isn’t expected to break ground for at least a year.
According to Kidder Mathews, Ballard apartments are in high demand, with 575 units under construction, 825 approved and 2,500 under review.
Image courtesy of Carrier Johnson + Culture
- ◦Development
