Seattle Senior Housing Lands $115M

Columbia Pacific Advisors has received financing for 620 Terry, a 243-unit development that will include a concierge, a club room and a theater.

By Beata Lorincz

space-needle-720742_960_720Columbia Pacific Advisors has received $114.7 million in development financing for 620 Terry, an upcoming luxury senior housing community in Seattle. HCP Inc. provided the loan for the 243-unit development, while HFF worked on behalf of the borrower.

The property is located at 620 Terry Ave., in the First Hill neighborhood, east of downtown, providing easy access to Interstate 5. The Harborview Medical Center is one block away, while the Swedish Medical Center/First Hill and Virginia Mason Medical Center are within a five-block radius of the site.

High-end amenities

The 24-story high-rise senior housing project, slated for completion in 2019, will offer 194 independent living, 21 assisted living and 28 memory care units. Designed by Ankrom Moisian architects, the building will provide:

  • concierge services
  • full-service restaurant
  • bistro/café
  • two bars
  • top-level club room
  • auditorium
  • theater
  • wellness suite/gym

HFF’s team included Senior Director David Fasano, Director Sarah Anderson, Managing Director Casey Davidson and Senior Managing Directors Ryan Maconachy and Chad Lavender.

Image via Pixabay

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