 |
Business Digest
Thursday, July 5, 2001
Downtown Renton gets more luxury housing
A new 58-unit luxury apartment complex opened last week in Renton, part of the ongoing effort to redevelop the city's downtown retail core. The project, Burnett Station, was developed by Don Dally, president of Seattle-based Dally Homes Inc.The developer declined to say how much the project cost.
Units at Burnett Station, which includes studios, one- and two-bedroom apartments and town houses, will rent for between $930 and $1,790 a month, according to ConAm Management, the Seattle company that is handling the leasing. As of Tuesday, seven units had been leased, ConAm said.
Burnett Station is the third Dally Homes project in Renton. Renton Renaissance opened in January 2000 and Metropolitan Place, a 90-unit mixed-use project, is to open in December.
Cedar Fair buys Mastro's Palm Springs water park
Oasis Waterpark, a Palm Springs, Calif., amusement park owned by Seattle-based Mastro Properties, has been acquired by Cedar Fair, L.P., for $9.1 million cash.Mastro built the water park in 1988.
Monika Harmon, chief financial officer for Mastro, said the sale is part of her company's plan to focus on Puget Sound-area properties and divest the company's out-of-state holdings. [Note: The company's name was misspelled in the original version of this item.]
Construction commences on Auburn shopping center
Construction began last week on Lakeland Town Center, a $26 million, 132,000-square-foot retail development in Auburn.The project, which is being developed by Seattle-based Tarragon, is scheduled to be completed next spring. The complex will feature restaurants and shops, including a 67,000-square-foot Top Food & Drug.
The Town Center will be part of Lakeland, a 1,000-acre planned community that eventually will include more than 3,400 homes and an elementary school.
Apartment complexes in Renton, Kenmore sold
Granite Investments Group of Irvine, Calif., has bought Madison at Fairwood, a 382-unit apartment community at 17425 120th Lane S.E. in Renton, for $24.5 million. The property's previous owner was Nevins/Adams Properties Inc. of Santa Barbara, Calif.SP Trail Walk LLC of Seattle bought Trail Walk, a 180-unit apartment complex at 7711 N.E. 175th St. in Kenmore, for $18.5 million. The previous owner was Simpson Housing LP of Denver.
This report includes information from P-I staff, The Associated Press and Bloomberg News
My web site
My Yahoo!
Google
|
Stocks |
· Microsoft to boost Novell deal by up to $100 million
· Troubled CellCyte Genetics of Bothell halts staff paychecks
· SnapIn sells to Nuance for $180 million
· AmazonFresh delivery grows
· Google, Paul Allen back geothermal startup
· Treatment speeds drugs to blood clots
· Boeing releases details of worker incentive pay plan as contract talks intensify
· Port of Seattle's container trade takes a hit
· Aerospace Notebook: Test pilot's final flight is on the horizon
· Prescription slips 'mined' by drug makers
· Pepsi, Starbucks to expand Tazo sales
· Intel reveals blueprint for new chip to challenge AMD
more· ArcelorMittal acquires Brazilian iron ore miner
· BAA may have to sell 3 of its 7 UK airports
· Stocks fall on worries over financials, rising oil
· Oil prices rise ahead of inventory report
· American launches in-flight Internet on 3 routes
more· Palm to launch Treo Pro without US carrier
· Ericsson, STMicroelectronics form joint venture
· Some eBay sellers frustrated with rule changes
· American launches in-flight Internet on 3 routes
· HP posts 3Q profit jump; faces stiff competition
more
Todd Bishop's Microsoft Blog· Microsoft adds $100m to Novell deal
· Resource: Site tracks Microsoft team blogs
· Microsoft prototype judges e-mail's importance
John Cook's Venture Blog· Gnomedex 8.0 coming to Seattle
· SnapIn sells to Nuance for $180 million
· Roundup: GotVoice, Kryptiq, Fluke, etc.
James Wallace on Aerospace· Machinists march at Everett plant
· Machinists march at Everett plant
· Boeing may offer bigger tanker
101 Elliott Ave. W.
Seattle, WA 98119
(206) 448-8000
Home Delivery: (206) 464-2121 or (800) 542-0820
seattlepi.com serves about 1.7 million unique visitors
and 30 million page views each month.
Send comments to newmedia@seattlepi.com
Send investigative tips to iteam@seattlepi.com
©1996-2008 Seattle Post-Intelligencer
Terms of Use/Privacy Policy
