Cushman & Wakefield Equity, Debt & Structured Finance has been exclusively retained by an affiliate of Concord Pacific (the "Sponsor") to offer for sale a 100% fee interest in Seattle House (the "Property" or "Project"). Seattle House is a brand-new tower, mixed-use development consisting of 1,131 residential units and over 15,000 square feet of commercial space. The Property is currently under construction with TCO expected in April 2026. By executing a forward sale agreement, an investor has the opportunity to assume control of processing at the Property with little leasing risk.
Upon completion, Seattle House will offer a total of 1,131 residential units, comprising 80% market-rate and 20% below-market-rate units, along with 15,726 square feet of rentable retail space. The Property will provide residents with best-in-class amenities and a suite of luxury services.
Seattle House is located at the epicenter of the Amazon World Headquarters in the heart of Seattle's Denny Triangle neighborhood. Seattle not only leads the nation in tech job opportunities but also boasts a robust biomedical sector and numerous STEM-oriented universities. High-income renters in Seattle—those earning at least $150,000 annually—have increased by 169% since 2015, the highest among U.S. cities. Washington State is projected to need approximately one million new homes over the next twenty years, equating to about fifty thousand units annually to meet growing housing demand.