Target Acquires Retail Space in Downtown Seattle

Target Acquires Retail Space in Downtown Seattle

  • Jeff Reynolds
  • 07/31/10

Downtown Seattle just received a nice shot in arm. The Seattle Times is reporting that Target Corp, the big box retailer has aquired a fantastic three story space in the Downtown Seattle corridor. Considered by many as the West Edge, this 2nd and Pike location is a phenomenal space for the large retailer. It will be at the base of the Newmark Condominium tower.

It is reported that Target paid $15.5 million for the property, according to King county records. The purchase also includes a 250-stall underground garage. While it may be close to two years before the store is built this is a tremendous upgrade for many condominium owners. As the City of Seattle continues the urbanization of its downtown core, many condo owners will benefit.

A few projects within blocks of the new store include:


​​​​​​​1521


​​​​​​​Newmark


​​​​​​​Four Seasons


​​​​​​​Escala


​​​​​​​Cristalla


​​​​​​​Market Place Tower


​​​​​​​98 Union


​​​​​​​Madison Tower


​​​​​​​Millenium Tower

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Jeff Reynolds is a real estate broker with Compass Seattle. Jeff is the founder of UrbanCondoSpaces and he leads Seattle’s number one condo team. UCS is a blog specializing in Urban Living. Contact Jeff to see homes for sale, to sell your condo, or to simply learn more about the Seattle Real Estate market.

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