What will we see moving to North Lake Union? An investment group is taking advantage of competitive commercial real estate prices and scooping up a half acre parcel in the great location between Wallingford and Burke Avenues.
"An investment group led by David Zarett paid $3.58 million for a second half-block property overlooking the north end of Lake Union. Northlake LLC now owns the full block along North Northlake Way between Wallingord Avenue North and Burke Avenue North. The investment group bought the 0.47-acre site at 3301 Burke Ave. N. from Restaurants Unlimited founder Richard Komen and his family. The property includes the 8,051-square-foot Restaurants Unlimited office building. Northlake LLC acquired the adjacent 0.31-acre parcel at 3301 Wallingford Ave. N. for $850,000 back in 1998. Six years later, Zarett filed for permits to construct a mixed-use residential office building on the site but never moved forward on the project."
Original Post: Investors buy North Lake Union parcel
Puget Sound Business Journal
By Jeanne Lang Jones
May 24, 2011
From Seattle to Wenatchee, AMS Inspection Services performs home inspections throughout much of Washington State. This blog talks about home tips, maintenance advice, home inspection findings and real estate news.
Showing posts with label lake union. Show all posts
Showing posts with label lake union. Show all posts
Wednesday, May 25, 2011
Friday, July 30, 2010
Staying Afloat in Lake Union
I would love to perform every home inspection on a houseboat. Why?...Going to work everyday on the Lake would not be such a bad thing! Want to own a unique piece of real estate? Now may be the time to buy! The Washington State Department of Ecology is pestering Seattle to update the Shoreline Master Program to include stricter guidelines that would prevent “overwater residences” from harming aquatic wildlife. The Seattle Floating Homes Association conducted their own study and found that the floating homes had little effect on salmon’s well-being because the fish don’t come near their shores. There should be a compromise set in place. Seattle PI reported there are about 500 houseboats left in Seattle today that’s considerably down from the 2,000 inhabited in the 1930s. As we all find the Seattle houseboats to be endearing snapshots heritage and novelty, the aquatic life should not be compromised. I hope we find a solution that will not sacrifice either party.
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