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Apartment Development Site in UW’s Greek Row Sells

A University District townhome development site at 4741 18th Avenue NE in Seattle sold for $1,640,000, which translates to $380-per-land-square-foot. Seattle-based SeaLevel Properties sold the property to an unnamed private developer.

Located within the University of Washington’s Greek Row, the development site is entitled for five efficiently designed townhomes offering a combined 36 bedrooms intended for student housing.

Kidder Mathews’ Simon and Anderson team of Dylan Simon, Jerrid Anderson, and Matt Laird handled the listing. The buyer was self-represented.

Laird says, “Although there are some near-term challenges facing the University District, we fully believe in the long-term growth and desirability of the neighborhood. This project is perfectly poised to take advantage of that upside upon its completion in 2022.”

The transaction was completed in 63 days from the start of marketing to the close of escrow.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition