Located on a 1.7-acre site at 19022 Aurora Ave N., the new ownership plans to redevelop the property into a mixed use complex with approximately 225 residential units. Although an exact timeline has not been disclosed, construction on the project is estimated to commence between 2019 and 2020.
Eric Bissell of Kidder Mathews represented the seller in the deal. Michael Swanson and Bob Fredrickson of Coldwell Banker Commercial Danforth represented the buyer.
Please see CoStar COMPS #4196360 for more information on the transaction.