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One of U-District’s Largest Sites is Listed for Sale

Demand continues for commercial real estate space spurred by innovation in computer and health sciences developed at the University of Washington. And this University District office and laboratory space establishes a critical bridge between companies located in downtown Seattle and South Lake Union/Eastlake.

One of the largest development sites in the University District, a near full-acre zoned to allow a 320-foot tower, was recently listed for sale. Located along 45 Avenue N.E., the full-block development site is within walking distance to the University of Washington and the University District light rail station. Zoning offers developers a multitude of potential future uses including office, biotech/lab, residential, hospitality and student housing. VIA Architects prepared two massing studies that indicate the site could yield nearly 300,000 square feet of office or lab space or more than 700 units of residential/student housing.

Dylan Simon, Jerrid Anderson and Matt Laird of Kidder Mathews have the listing.

“This next decade will mark the most dynamic growth in the University District’s history,” says Simon. “In the last several years, Seattle-based technology and life science companies have contributed over $550 million to University of Washington’s computer science and health science programs. We expect these partnerships will lead to growth and innovation that closely tracks the economic dynamics created between Stanford and Silicon Valley/San Francisco, and MIT/Harvard and Cambridge/Boston.”

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale