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Listings/University District High-Rise Development Site

University District High-Rise Development Site

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Under Contract

For more information about this property, please contact the listing broker.

 

Opportunity Highlights

  • 6 blocks to the University of Washington (#8 Global University)
  • 4 blocks to Regional Light Rail Station
  • First Time on Market, Raw Development Site
  • Limited Amount of Developable Land in High-Rise Zones

 

Location

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University District High-Rise Development Site

4501 9th Ave NE
Seattle, WA 98105
Units: 710 (Res.) or 280K SF (Office)
Price: Pending

Location Overview

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 spot for students in search of books, coffee, and food, and in the next few years it will evolve into the city’s next tech hot spot.

The University Innovation Ecosystem

Companies gravitate towards top-tier university locations to benefit from the collective talent pool. This creates an ecosystem of connection and collaboration between burgeoning brainpower and economic strength. Seattle’s University District is an innovation ecosystem that is ripe for growth. Located at University of Washington’s doorstep, the U-District High-Rise Site is perfectly poised to take full advantage of the ecosystem.

The Future of the University District

The University of Washington’s approved 2019 Master Plan calls for 6,000,000 SF of new development over the next 10 years to support the university and the neighborhood’s exponential growth as it blossoms into an innovation district.

The New Technology Hub

Major companies are invested in the growth & future of the University of Washington and the University District.

#1

MOST INNOVATIVE U.S. PUBLIC UNIVERSITY

#2

U.S. PUBLIC INSTITUTIONS

#8

GLOBAL UNIVERSITY RANKING

48,734

TOTAL STUDENT ENROLLMENT 2020

71%

STUDENTS LIVE IN OFF-CAMPUS HOUSING

40.2%

OF ENROLLED STUDENTS ARE OUT-OF-STATE & INTL

80,479

PREDICTED UW POPULATION BY 2028

$15.7B

GENERATED BY UW IN FY 2018 & SUPPORTED +100K JOBS

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