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Real Estate

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May 16, 2019

181 apartments planned near Swedish Ballard campus

Real Estate Editor

Northlake Capital & Development, using an LLC, has submitted an early plan to redevelop five parcels extending southeast from 1723 N.W. Market St., in central Ballard. Northlake owns one; and there are three other owners apparently willing to sell or partner in a venture. Northlake identifies itself as the contract buyer in the new plan by Studio Meng Strazzara.

The oddly shaped site, like a squished hexagon, begins at the Ballard Optical shop and extends down Northwest Barnes Street. It totals 28,085 square feet, with split zoning for construction up to 85 and 65 feet. It's directly east of Swedish Medical Center's Ballard campus, and is subject to the major institution overlay height limit of 65 feet.

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