When complete, Milliken expects the hot Seattle market will bearthe $375/sf asking price for the condos at 516 First Avenue W. Theunits will range from $262,000 for a 700-sf unit to a whopping$600,000 for 1,600 sf. Milliken was not immediately available tocomment on the project, named TriBeCa after an urban neighborhoodin lower Manhattan, New York.
In the 90's, Vancouver, B.C.-based Milliken developed theMarketplace at Queen Anne. That complex was anchored by thegrocery, Larry's Market. Milliken then proceeded with a project atthe Harvard Market on Capitol Hill, the key property of which was aQuality Food Center store. QFC owns the grocery, but Milliken soldthe remainder of the property this past summer to the Tomlinsonfamily of Seattle, which paid $13.5 million.
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