HFF Advises Columbia Pacific Advisors on the $114.69M Financing for Seattle Seniors Housing Development
DALLAS–Holliday Fenoglio Fowler, L.P. (HFF) advised Columbia Pacific Advisors on the $114.69 million financing for the development of 620 Terry, a luxury, high-rise seniors housing property in Seattle, Washington’s First Hill neighborhood. The participating development loan was provided by HCP, Inc.
620 Terry will total 243 Class A residential units comprising 194 independent living units, 21 assisted living units and 28 memory care units. The 24-story property is due for completion in 2019 and will feature the highest level of amenities, care and treatment, including concierge services, a full-service restaurant, bistro/café, two bars and top-level club room providing sweeping mountain and city views.
In addition, 620 Terry will have an auditorium, theater, wellness suite/gym and other activity spaces. Featuring architectural design by Ankrom Moisian, the project is situated within a five-block radius of three major area hospital systems (Harborview Medical Center, Swedish Medical Center/First Hill and Virginia Mason Medical Center) and is less than one mile from an array of lifestyle and entertainment amenities in downtown Seattle.