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Blanchard Plaza For Sale, Vulcan Sells The Martin For $113M

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PIONEER SQUARE— Once known as The Old Cannery Building, the single-story structure at the corner of South Main Street and Second Avenue South is about to grow up. Owner Ron Amundson plans to add eight stories and turn it into a mixed-use apartment building with 50-60 loft apartments, 2,300 sq. ft. of retail and underground parking. [DJC]

DOWNTOWN— Anyone interested in Blanchard Plaza? downtown high-rise comes with an Amazon tenancy through 2025. Thanks to its location in the heart of construction and expansion, it's expected to fetch upwards of $125M now that it's for sale. [PSBJ]

WALLINGFORD— Paar Developement and Caron Architecture have submitted plans for a four-story, mixed-use building with 30 dwelling units and 2,300 square feet of office/commercial space at 1240 N Midvale Place. The structure will fill the triangular shaped site and an amenity space will be located on the 2nd level roof deck. [Seattle.gov]

SOUTH LAKE UNION— Vulcan Real Estate sold The Martin, their new luxury apartment tower at Fifth Avenue and Lenora Street, for $114M. The buyer was Invesco Real Estate, which has now ponied up over $500M for Puget Sound projects in the last year. [PSBJ]