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September 30, 2020

Renton development site sells for $3M, with 78 affordable units planned

By BRIAN MILLER
Real Estate Editor

A 1.3-acre development site at 617 Williams Ave. S. in Renton has sold for $3.2 million, according to King County records. The buyer was GMD Renton LLLP, associated with affordable housing specialist GMD Development, which is planning 78 affordable units in two buildings.

The seller was Cordova Renton LLC, associated with an Eastside investor, which assembled the property in 2018 for almost $1.7 million. Twist Design then took the early concept into planning with the city. The city says the seller hadn't applied for a permit, so more review will be required for the project. And the architect may or may not change.


 
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