Vulcan Real Estate has been selling properties over the last few months to raise money for new development and investment properties in the Puget Sound Region. The latest property to go is the Alley24 Apartments, a mixed-use property with 172-units, located at 224 Pontius Ave N in South Lake Union. Greystar, a real estate investment and development company paid just over $58 million for the property.
Other February sales include the Stack House Apartments and Supply Laundry Building, a mixed-use property with 278-apartments in South Lake Union for just over $148.7 million and the Rollin Street Flats Apartments, a mixed-use property with 208-unit apartments in South Lake Union for $138.2 million.