Hansen buys more land in the SoDo neighborhood

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by CHRIS DANIELS / KING 5 News

Bio | Email | Follow: @ChrisDaniels5

KING5.com

Posted on April 11, 2012 at 8:13 PM

Updated Wednesday, Apr 11 at 9:44 PM

SEATTLE - Chris Hansen acknowledged late Wednesday he has closed another deal on property south of Safeco Field.

The San Francisco based hedge fund manager says he has completed a transaction to buy a warehouse on 1st Avenue South, west of the Safeco Field parking garage.  The land is also North of the property Hansen purchased last year, which is the focus for his now public plan to build an NBA/NHL arena.  Hansen did not disclose his immediate plans for the latest purchase, an 18,000 square foot lot, which currently houses a warehouse.  The property was valued at $2.6 million, but Hansen bought it for $4.25 million.
 
Hansen reiterated Wednesday, what he told KING5 back in March, that he has multiple pieces of property under contract, and enough to construct an arena.  However, he’s also attempting to enough land in SoDo to potentially house a practice facility, team store, and additional parking, if it is deemed needed.  Hansen commissioned a traffic study for the proposed arena site last week.
 
Hansen added that he is interested in land north and south of Massachusetts, in the SoDo neighborhood. He says he believes some of other property transactions could close soon.
 

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