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April 12, 2022

North Bend development site sells for $31M, with 212 units on deck

By BRIAN MILLER
Real Estate Editor

Multifamily planning of the Dahlgren property began a half dozen years ago.

An over 11-acre future development site at 44124 S.E. North Bend Way recently sold for a bit over $31 million, according to King County records. The seller was Cedar River Developer (formerly Cedar River Partners), associated with Polygon WLH, which acquired the bare land from the Dahlgren family in 2018 for almost $3.9 million. (Some chunks have been split off since then.)


 
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