The recently renovated apartment complex over Jefferson Square, now known as Elan 41, has just gone on the market. The listing price: $24.5 million. Property records show the 78-unit complex last changed hands for a higher price, $27 million, in 2005. In 2009, we reported on an agreement for Seattle Public Schools – which owns the land on which Jefferson Square, and everything above it, is built – to sell the apartments’ “air rights” – we’re checking to see if that deal was ever completed. (WSB file photo)
P.S. One of the flyers accompanying the Elan 41 listing reveals a recent sale along Avalon – which in turn explains the building’s name change; we’d noticed recently that Vue at 3261 Avalon Way had become Marq. County records don’t show a sale yet, but the flyer from Elan 41 listing agent McQuaid Real Estate says the 111-unit building completed in 2014 sold last month for $38.5 million.
| Comments Off on West Seattle real estate: Elan 41 apartment complex up for sale