There were two offers submitted for the 1.1 acre site at 1431 2nd Ave N, one of which was proposed by Lorig for $7.5 million with plans to construct approximately 30 Victorian-style townhomes at the old Queen Anne High School gym site.
The real estate development and management firm, plans to start construction upon closing on the property in the fall of 2009 and complete the project a year later. According to Ron English, the district’s deputy general counsel and property manager, Seattle Public Schools will be considering the purchase and sale agreement on May 7th and should be finalized in July of this year.
Lorig originally converted the old Queen Anne High School into apartments, restored The Victoria, a 1920’s apartment building into condos in 1998 and are currently developing 200 West Highland (now selling from $1.3M to $4M!) …click here to read more!