Target Acquires Retail Space In Downtown Seattle

Downtown Seattle just received a nice shot in arm.  The Seattle Times is reporting that Target Corp, the big box retailer has aquired a fantastic three story space in the Downtown Seattle corridor.  Considered by many as the West Edge, this 2nd and Pike location is a phenomenal space for the large retailer.   It will be at the base of the Newmark Condominium tower.

It is reported that Target paid $15.5 million for the property, according to King county records. The purchase also includes a 250-stall underground garage. While it may be close to two years before the store is built this is a tremendous upgrade for many condominium owners.  As the City of Seattle continues the urbanization of its downtown core, many condo owners will benefit.

A few projects within blocks of the new store include:

1521

Newmark

Four Seasons

Escala

Cristalla

Market Place Tower

98 Union

Madison Tower

Millenium Tower