Investor Chris Hansen said he is locking up the remaining property in Seattle’s Sodo district that would be needed for construction of his proposed NBA/NHL arena, the Seattle Times reported Tuesday night.
Most should close within the next three months, the San Francisco investor told the Times.
Hansen also revealed for the first time that he is buying "a considerable piece" of the block just north of the arena site, and is considering ancillary uses there, the Times said, adding that Hansen wouldn’t identify the properties or say more about plans for them.
The proposed arena site is between South Massachusetts and South Holgate streets, First Avenue South and the Burlington Northern railroad tracks, and is bisected north-south by Occidental Avenue South. Hansen purchased the property on the east side of Occidental in December.
There are seven parcels, with four owners, on the west side of Occidental. Hansen said all seven were either under sale contract or otherwise under his control when he unveiled his arena plan in February, the Times said.
He wouldn't tell the Times what he has agreed to pay for the properties, which total about 2.3 acres. But he paid $21.6 million for the 3 acres on the east side of Occidental, or about $163 per square foot.
