SEATTLE, WA-Don Milliken, developer and owner of grocery stores in urban markets, is planning to refurbish an old Safeway in the upscale area of Lower Queen Anne. As a twist to his usual development of grocery properties, eight condominiums will be constructed directly above the store, with an additional 43 units over an adjacent 4,000 sf of retail. The Seattle office of Portland-based Sienna Architecture is designing the project.

When complete, Milliken expects the hot Seattle market will bear the $375/sf asking price for the condos at 516 First Avenue W. The units will range from $262,000 for a 700-sf unit to a whopping $600,000 for 1,600 sf. Milliken was not immediately available to comment on the project, named TriBeCa after an urban neighborhood in lower Manhattan, New York.

In the 90′s, Vancouver, B.C.-based Milliken developed the Marketplace at Queen Anne. That complex was anchored by the grocery, Larry’s Market. Milliken then proceeded with a project at the Harvard Market on Capitol Hill, the key property of which was a Quality Food Center store. QFC owns the grocery, but Milliken sold the remainder of the property this past summer to the Tomlinson family of Seattle, which paid $13.5 million.

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