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Archstone Belltown Apartment Complex Sold For $94M

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The 360-unit Archstone Belltown apartment complex in Belltown (obviously) has been sold to Dallas-based Mill Creek Residential Trust for $94M, per PSBJ.

Built in 1949, the building was previously known as Grosvenor House (check out this view of it from the Space Needle in 1962).

Mill Creek says their plan is to renovate the building to appeal to a younger demo. So expect a lot of skateboard ramps and Mountain Dew vending machines, we guess.
· Dallas company buys Seattle apartment complex for $94M [PSBJ]

Space Needle

400 Broad Street, , WA 98109