To access additional information about both site plans, follow the Document Library link below.
The U District Development Portfolio comprises two separate development sites at 5253 & 5500 University Way NE, Seattle, WA. 5253 University is a 7,436 SF entitled site with plans for 90 units. 5500 University is a 10,962 SF entitled site with plans for 74 units. This offering provides buyers the opportunity to purchase the property free and clear of existing debt. This offering is unpriced.
The University District is experiencing a renaissance: the University of Washington’s exponential growth over the past decade—particularly in the engineering, computer science, and life sciences fields—attracts top minds to the University and to the area.
The neighborhood is reaping the benefits of the University’s growth. Recently approved upzoning will increase density in the area, while a new light rail station will cut commutes in half. The U District has long been a beloved haunt for students in search of books, coffee, and food, and in the next five to ten years it will continue evolving into the city’s next tech hot spot.
Avg Household Income
Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Jerrid Anderson, and Matt Laird are exclusively representing the Seller in the sale of the University District Development Portfolio.