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Student Housing Developer Pays What Could Be Record Sum for Less Than Half an Acre in Seattle’s University District

Landmark Properties Plans 24-Story Student Housing Project Where Bank Branch and Mexican Restaurant Now Stand
Landmark Properties has purchased a third of an acre in Seattle’s University District. (CBRE)
Landmark Properties has purchased a third of an acre in Seattle’s University District. (CBRE)

One of the largest student housing developers in the country has dropped a significant sum — the highest on record according to some reports — for a third of an acre in Seattle's University District, with plans to redevelop the two-story retail property there into a 24-story student housing project.

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