(WSB June 2011 photo looking at Conner site from QFC steps – it’s on Alaska’s south side, 42nd to California)
Four months after we first told you that Conner Homes was selling its property in the heart of The Junction – planned for a two-building mixed-use megaproject – the site has a new owner. Equity Residential has purchased the property, according to documents filed this week with King County. The company already owns more than 30 apartment complexes around the Puget Sound metro area, though none of the others are in West Seattle, and it’s just started building the Market Street Landing project in Ballard, with almost 300 apartments. Equity’s corporate headquarters are in Chicago. In the letter Conner shared with WSB when he announced the plan to sell the site, he said he didn’t expect construction to start any sooner than next summer. The online documents list the sale price as $11,400,000; Conner and partners bought the site for $1.4 million more than a decade ago, and finalized land-use permits for the two-building project earlier this year.
West Seattle, Washington