Aurora|Seattle partner, the Seattle Times, reported yesterday that the half-developed apartment building at Aurora Ave on 72nd Street known as the Tyee condo project has been sold to GramorDevelopment:
A half-built apartment building on the site of the landmark Twin Teepees restaurant near Green Lake has a new owner, who says it plans to resume construction and have the 24 units ready for leasing by June.
GramorDevelopment of Seattle purchased the property at Aurora Avenue North and North 72nd Street this week for $2.14 million, according to county records.
Work on the four-story project, Tyee at Green Lake, stopped a year ago when the previous developer, Bristol Homes, ran into financial trouble. A receiver was appointed to manage the project last March.
The neighborhood will have to wait and see how this project, which currently looks like a big orange box, turns out.
