This article by Marc Stiles originally appeared in the Puget Sound Business Journal.
Seattle’s First OZ Project Sells for $32 Million
Pinnacle Partners is proud to have participated and partnered with Nitze-Stagen in the Canton Lofts project, which recently sold to King County for $32m. Located in the Pioneer Square district of downtown Seattle, Canton Lofts totals 35,000 SF and provides 80 supportive studio apartment units for unsheltered residents.
This was the first Opportunity Zone project in Seattle and Pinnacle is extremely pleased with the positive community impact this project has offered.
Pinnacle is a source of strategic relationships for JV Partnerships with actionable opportunities in targeted Opportunity Zone markets. These relationships provide a unique sourcing advantage to obtain the highest quality Opportunity Zone projects. Pinnacle, an early first-mover in Opportunity Zones, has closed multiple projects and has built a strong pipeline of future opportunities throughout the Western states.