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September 24, 2021
A Shoreline multifamily development site at 18110 Midvale Ave. N. has sold for $6.5 million, according to King County records. The buyer was an LLC associated with Vintage Housing, a regular developer in our area.
The seller was the court-appointed receiver for Northlake Capital & Development, which acquired the property in 2019 for $2.1 million, then later was foreclosed by its lender. With Studio Meng Strazzara, Northlake had a five-story, 210-unit apartment project planned. City records indicate that the project has been approved, though some final permits may still be pending.
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