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May 26, 2023
It can be hard to let go of a promising apartment project with an attractive location. But so it is with the land and 59-unit plan at 2218 First Ave. in Belltown. GEM Real Estate Partners acquired the midblock site in 2015. The architect now known as Axis GFA secured a master use permit for the eight-story building in early 2020. And Newmark put it on the market last week, with an asking price of nearly $5 million.
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