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July 16, 2019

Goodman sells Bothell apartments for $38M

Real Estate Editor

Photo by Goodman Real Estate [enlarge]
The 122-unit project incorporates part of the century-old Mercantile Building. Work was delayed in 2016 by a fire.

The new Merc Apartments, at 18120 102nd Ave. N.E. in downtown Bothell, have sold for a little over $38.3 million, according to King County records. The seller was an LLC related to Goodman Real Estate, which acquired the land in 2014 for about $2.2 million, then developed it.

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