Sign up to receive our listings
Let’s talk about apartments
Case Studies / Harvest Mixed-Use Development Site
sold
Harvest Mixed-Use Development Site
Woodinville Transaction Sets Record Pricing on Eastside
- Sourced an institutional buyer for a complicated mixed-use, land sale
- Closed sale in under six months, overcoming complex zoning and permitting challenges
- Set record pricing for a unentitled land sale
Case Study
Challenge
The landowner previously attempted to sell this marquee Woodinville on two occasions, both failed. The site required significant expertise to navigate complicated zoning and entitlement requirements, and the seller sought pricing well beyond the market, and a timeline commensurate with a fully permitted site.
What We Did
Leveraging a key relationship with an institutional, national developer and its joint venture partner, we delivered the site on an off-market basis. Our direct approach allowed us to achieve the seller’s pricing and timing needs, while allowing the developer time and access to overcome complexities with zoning and entitlements.
Results
We achieved record pricing for the land owner, showcasing our ability to match private landowners with institutional buyers and navigate complex zoning and entitlement issues. We closed the sale in under six months and established a new pricing benchmark for land sales in the emerging Woodinville market.
“This off-market land sale epitomized threading-the-needle. We sourced a highly unique buyer, allowing the seller to achieve its pricing goal and realize its vision of handing off their project to a prominent, national developer to build a marque development.”
Dylan Simon
Exclusive Listing Brokers
