Revolve Development sold the 35-unit Yardhouse at 1406 E Republican St in Capitol Hill for nearly $14M to an LLC whose manager is the Costacos family.
At nearly $400k/unit and more than $765/SF, that's a record price for new woodframe construction in the city center, reports the Puget Sound Business Journal. Revolve bought the site in 2014 and then built Yardhouse.
ARA Newmark Director Marty Leith repped Revolve in the transaction, and he says that the offering drew fierce competition. [PSBJ]
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