Originally Posted by Ruffhauser (Post 139680627)

From todays DJC.

http://www.djc.com/news/re/12099655.html

April 24, 2017

820 John tower team adds to their SLU site
By JOURNAL STAFF

A site at 215 Ninth Ave. N. in South Lake Union has sold for $5.1 million, according to King County records.

The seller was Ninth Avenue Associates LLC, which is an entity of Vashon Island real-estate investor John Goodfellow, who acquired the site in 1997 for $750,000. The 7,200-square-foot property is mostly used for parking now.

The buyer was 9th & John LLC, which is associated with Billy Pettit of Pillar Properties and Rich Reel. They are planning a 28-story apartment tower at 820 John St.

Last month Reel told the DJC that they had Goodfellow's parcel under contract. Reel was previously planning a tower with 160 units on a 14,000-square-foot site he already owned, but he said the floorplate would have been too small and inefficient.


http://www.djc.com/stories/images/20...20sale_web.jpg