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March 20, 2019

Unico abandons apartment scheme for Grand Central block; office renovation planned instead

By BRIAN MILLER
Journal Staff Reporter

Photo by Brian Miller [enlarge]
Currently, the midblock City Loan Building has five stories, the Grand Central has four and the Buttnick has three. They now offer about 116,000 square feet.

Not much has been heard from the Grand Central block in Pioneer Square since 2017. The block, at 200 - 222 First Ave. S., comprises three landmarked old structures. Unico Properties sold it in January for $45 million to a Goldman Sachs-related LLC as part of a larger portfolio sale. Unico still retains an undisclosed ownership stake.


 
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