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Vibrant Cities Receives $31.3M in Construction Financing for Mixed-Use Project in Seattle

Pivot-Seattle-WA

Located in Seattle’s Pike/Pine Corridor, Pivot will feature 71 apartments, street-level retail space and an 11,000-square-foot office component.

SEATTLE — Vibrant Cities has received $31.3 million in construction financing for the development of Pivot, a mixed-use property in Seattle’s Capitol Hill neighborhood. Brandon Roth and Zack Goodwin of HFF secured the five-year, floating-rate loan through H.I.G. Realty Partners for the borrower.

The project will replace an existing parking lot with a pedestrian-inspired development along the Pike/Pine corridor. Once complete, Pivot will features 71 apartments above a sub-grade parking garage, street-level retail space and 11,000 square feet of office space.

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