Corus Bank finances condo development.Corus Bank closed a $38,500,000 loan to Burien Town Square Parcel 1, L.L.C., an affiliate of Urban Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Westport Capital Partners, LLC, to finance the construction of Burien Town Square Phase I, a 7-story condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. building located at the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of 6th Avenue SW and SW 152nd Street in Burien, Washington Burien is an incorporated suburb just south of Seattle, Washington, with a population of 31,881 (2000 census). History European settlement in the Burien area dates to 1870, when Mike Kelly walked up a hill from the Seattle, South Seattle area. . The project will consist of 124 residential condominium units as well as parking for 182 cars and approximately 20,000 square feet of retail space. The project will be a part of a large redevelopment known as the Burien Town Square, a development that has been in the planning stages for about 10 years and is part of a roughly 10-acre parcel that has been acquired by the city of Burien. |
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