Holland Partner Group Acquires SLU Development Site Near Amazon’s Denny Triangle Campus

A new development project Is set to hit an already bustling area of Seattle. Holland Partner Group, a development company that mostly operates in the Pacific Northwest, recently acquired a high-profile development site in South Lake Union for a reported amount of $20.1 million. The new owner of the site is ready to propose a major residential development in the Denny Triangle, an area of Seattle that has been energized in recent years by Amazon’s ambitious high-rise office campus project.

A new development project is set to hit an already bustling area of Seattle. Holland Partner Group, a development company that mostly operates in the Pacific Northwest, recently acquired a high-profile development site in South Lake Union for a reported $20.1 million. The new owner is ready to propose a major residential development in the Denny Triangle, an area energized in recent years by Amazon’s ambitious high-rise office campus project.

According to the Puget Sound Business Journal, Holland Partner Group acquired the development site from Brooke Real Estate Venture LLC. The company plans to build a 460-unit residential property that would also feature a commercial component of around 17,000 square feet of retail.

Union SLU, one of HPG’s South Lake Union developments

The site totals about two-thirds of an acre and is located at 970 Denny Way, placing the future residential high-rise between Amazon.com’s current headquarters and the Internet giant’s massive campus development. PSBJ writes that Holland has scheduled a construction start in the spring of next year.

Holland Partner Group’s current Seattle-area portfolio includes 815 Pine near the Washington State Convention Center; Coppins Well in First Hill; Hue, True North and Union SLU in South Lake Union; as well as Rivet in the Cascade neighborhood.

Image courtesy of unionslu.com.