SEATTLE — An entity related to GID Development Group of Boston paid $16 million for land at 2101 Ninth Ave. where it is planning a 41-story, 396-unit apartment project.
The seller is an entity related to Cornish College of the Arts. Cornish bought the site in 2003 for $4.6 million.
GID has started construction on a 41-story, 355-unit apartment tower at Eighth and Lenora, across the street.
Permit records show GID filed for shoring and excavation permits for the tower on Ninth last month.
Weber Thompson is designing both projects for GID. Sellen Construction Co. is the general contractor for the Eighth and Lenora tower.