The permits were approved by the City of Seattle’s Department of Planning & Development, but Vintage Homes, LLC had difficulty in pulling the trigger to build out the site. They were feeling cautious about the market along with the inventory of other projects they have in the pipeline. I brought Vintage Homes, LLC and Benjamin Custom Homes, LLC together to talk about options and opportunities. In the end Benjamin Custom Homes, LLC purchased the project from Vintage Homes, LLC and both parties walked away satisfied with their agreement. Since taking ownership of the property, Benjamin Custom Homes, LLC broke ground, completed excavation, and formed the foundation for the two homes.
The site itself is flat and a builder’s dream. The target completion date in about 4 months.