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24th & Union

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Executive Summary

24TH & UNION DEVELOPMENT is located at 1419 & 1423 24th Ave in the heart of the East Union Retail District – the most centrally located neighborhood in the region.

Offering Summary

Price:                 $4,494,000  –  $42K / Unit

Offers Due:      Offers will be reviewed as received

 

Development Details

Address
1419 & 1423 24th Ave Seattle, WA 98112
Neighborhood
Central District
Parcel Number
7217400030 & 7217400025
Site Size
7,480 SF
Zoning
NC2-75 (M1)
No. Units
107

Entitlement Summary

Early Design Review
Completed-November 2020
Early Design Recommendation
Completed-September 2020
Easements Secured
Completed-March 2021
Master Use Permit Approval
Anticipated-May 2021
Building Permit
Anticipated-May 2021
Demolition Permit
Anticipated-May 2021
Shoring Permit Approval
Anticipated-May 2021

Passive Building Highlights

BUILDING DESIGN

  • Two distinct buildings, separated by a private internal courtyard with amenity area
  • Exterior finish materials follow minimalist & elegant theme
  • Entry lobby includes warm materials, integrated mail & locker system, and custom artwork

INTERIOR FEATURES

  • Units feature locally fabricated casework with high-quality finishes & appliances
  • Custom lighting design & minimal material & paint palette
  • West-facing private decks include permeable pavers, wood pavers, & lush landscape planters

INTERIOR & EXTERIOR AMENITIES

  • Interior rooftop amenity space with lounge, wet bar & direct access to private deck
  • Rooftop deck with outdoor furniture, BBQ, dog walk & green roof
  • Extensive bike storage with potential future conversion to gym or storage space

Centrally located

Access to I-5, 520, and I-90 in less than 10 minutes

Fast growing neighborhood

Planned Development

Over 40K SF of commercial & restaurant space planned within 5 blocks

Location

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24th & Union

1419 & 1423 24th Ave
Seattle, WA 98112
Units: 107 (Entitled)
Price: $4,494,000 - $42K / Unit

Location Overview

The Central District historically was a predominately residential neighborhood located next to vibrant Capitol Hill. The last several years of redevelopment realized an influx of new retail, restaurants and people moving into the area. This in turn created a massive demand for more apartments.

More than meets the eye today, 24th & Union Development resides at the center of a burgeoning new retail district rivaling Seattle’s most popular neighborhoods. It is quickly becoming a destination for Seattle’s apartment renters, offering unique attributes other urban neighborhoods simply cannot match.

The East Union Retail District is developing quickly as an unmatched urban oasis in the heart of Seattle. With a developing retail district full of planned commercial space for restaurants, retail and soon a marketplace, East Union Street is surely becoming one of the region’s premier urban neighborhoods.

$96,529

MEDIAN HOUSEHOLD INCOME

36

MEDIAN AGE

61%

RENTER-OCCUPIED UNITS

$125,839

AVG HOUSEHOLD INCOME

49,580

POPULATION

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