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Downtown Site Sells For $16M, Residential Tower Planned

Continental Properties took notice of all the upcoming development around Downtown and Pike Place Market and decided, "We need to spend $16M on the development site at Second Avenue and Virginia Street right now." And so they did. The Bellevue-based company plans to turn the parking lot into a 400-foot-tall residential tower with up to 324 units.

The prime location right in-between Belltown & Downtown and just blocks from Pike Place Market was one of the last few remaining development sites in the area.
· Development site near Pike Place Market sells for $16 million [PSBJ]