Seattle, WA. – April 6, 2021 – OZ Navigator announced today its redevelopment plans for 701 South Jackson Street in Seattle’s Chinatown-International District. The mixed-use project will be developed in partnership with the Mar family, who has owned the property and been an active contributor in the District since 1930 when Frank Mar moved to Seattle.
OZ Navigator said that it plans to build an 8-story apartment building with approximately 245 units. The partnership is committed to building high-quality, financially attainable mixed-income rental housing for households earning between $42,000 – $55,000 annually or approximately 55% – 72% of Area Median Income.
The building is projected to include 3,000 sq. ft. of ground-floor retail designed as a public gateway to connect from South Jackson Street into the neighborhood business core, with outdoor spaces for gathering and cultural events. New Century Tea Gallery, which operates in the west end of a former garage on the site, has been provided the first right of refusal for new retail space in the building. In addition, Peter Nitze, principal of OZ Navigator, said that the partnership will work with the Chinatown International District BIA to identify community desired retail, commercial or non-profit users. “NitzeStagen has several decades of experience working with the historic CID neighborhood,