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HFF advised Columbia Pacific Advisors on the $115M financing for the development of the 620 Terry, a luxury, high-rise senior housing project in Seattle’s First Hill neighborhood.
The participating development loan was provided by HCP Inc.
The building will have 243 Class-A residential units, including 194 independent living units, 21 assisted living units and 28 memory care units.
The 24-story property is set to be complete in 2019. It will offer care and treatment, concierge services, a full-service restaurant, a bistro café, two bars and a top-level clubroom with views of the mountain and city. It will also have an auditorium, a theater, a gym/wellness suite and other activity areas. It is within five blocks of Harborview Medical Center, Swedish Medical Center/First Hill and Virginia Mason Medical Center.
The HFF team representing the borrower included Senior Director David Fasano, Director Sarah Anderson, Managing Director Casey Davidson and Senior Managing Directors Ryan Maconachy and Chad Lavender.
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