Walls Property Group has unveiled plans for a 200-unit mixed-use development in Seattle’s Ballard neighborhood. The proposed seven-story complex, designed by N5 Architecture, is set to occupy a half-acre site at 1723 NW Market Street. The project includes ground-floor commercial space, 54 parking spots, and bicycle storage. While most existing structures on the site are slated for demolition, a one-story building housing medical clinics and The Monkey Bridge restaurant will remain. Walls Property Group’s CEO, Preston Walls, has emphasized the unique retail potential of the development, which is still in the early design phase and is expected to break ground in the next few years. The project forms part of a broader wave of development in the area, with other nearby mixed-use projects adding hundreds of homes to the neighborhood. Additionally, Walls Property Group is concurrently developing a 55-unit complex at 1446 NW 53rd Street, marking the first new project in Washington to utilize Commercial Property Assessed Clean Energy + Resiliency financing. This ambitious venture reflects Walls Property Group’s longstanding focus on the Seattle multifamily market and its commitment to transforming the Ballard district.
200-Unit Mixed-Use Project in Seattle’s Ballard Neighborhood (Feb 2024 Update)
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