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Merrill Place Sold For $57.7M, Big Development Coming To Central District

PIONEER SQUARE—The Merrill Place office development in Pioneer Square has sold for $57.7M. Hudson Pacific Properties Inc. purchased the high-tech, mixed-use building and plans "lobby and common area upgrades, new tenant amenities, an elevator modernization, mechanical and electrical upgrades."

CENTRAL DISTRICT—Lake Union Partners bought the lot at the southwestern corner of 23rd Avenue and East Union Street, hoping to turn around the fortunes of one of Seattle' most notorious blocks. After paying $3.8M for the space, the developer plans to construct a six-story apartment complex with street-level retail.

BELLEVUE—The Low Income Housing Institute is breaking ground on the Bellevue Apartments at 204 111th Ave NE in downtown Bellevue this week. The building will contain 57 residential units, ranging from studios to 3-BRs, and will be available to low-income earners who meet certain criteria. The building will also include a computer lab and children's play area. [DBN]