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August 13, 2019

Minglian buys site on The Ave for $5M; 59 condos planned

Real Estate Editor

Rendering by Studio19 Architects [enlarge]
The six-story building would have 1,500 square feet of retail. Minglian owns one other site in the U District, and another in Belltown.

An entitled development site at 5247 University Way N.E. has sold for $5.2 million, according to King County records. The buyer was Minglian (USA) Investment Ltd., associated with Vancouver, B.C.-based Minglian Group, which has at least three other residential projects underway in our market. Public records indicate a loan from Seattle Funding Group.

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