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Vibrant Cities Secures Development Financing for Seattle MXU
HFF secured $31.3 million in construction financing for the development of Pivot, a mixed-use residential, office and retail property in Seattle’s Capitol Hill neighborhood. HFF worked on behalf of the developer, Vibrant Cities, to place the five-year, floating-rate construction loan with H.I.G. Realty Partners.
The sponsor acquired the site, an existing parking lot, in August 2016. The project is envisioned as a pedestrian-inspired development along the highly coveted Pike/Pine corridor. The development will feature a mix of 71 apartment units above a sub-grade parking garage, as well as small-scale, street-level retail, in addition to an 11,000-square-foot office concept.
HFF’s Brandon Roth and director Zack Goodwin represented the developer.
Roth says, “Building on the momentum they created with the record sale of The Cove in Capitol Hill, Vibrant Cities has developed another thoughtfully designed property that will be well-received by the community.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




