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There’s something to be said for a good view, even if it doesn’t exist yet.

At least that’s the story with ‘s newest acquisition. The company recently purchased a 15,400-square-foot office building in downtown Seattle for $5.5 million.

Kelly Saito, president for Gerding Edlen, said the company plans to demolish the existing structure and build a 120-unit, mixed-use apartment building in its place. Located at 1519 Minor Ave., Saito said the location is the perfect nexus between the culture of Capitol Hill, Seattle’s business district and the downtown shopping core.

鈥淎nd because you are on the uphill side of the freeway, you have these commanding and essentially protected sweeping views of the downtown,鈥� Saito said. 鈥淚f you were standing there on the site, you’d just have this killer view looking at all the high rises in the core there and toward South Lake Union.鈥�

Saito said they were still in the early phases of design but that the building would include roughly 1,000 square feet of commercial space and would incorporate sustainable design aspects in keeping with the company’s development portfolio.

鈥淚t’s certainly safe to say we’ll look to create a very highly sustainable project, whether specifically this building has photovoltaics, or solar water, or rain water recapture 鈥� whatever it might be. Those things are still being worked out.鈥�

Gerding Edlen has hired Portland-based as the project architect and Portland-based as its general contractor. He said they would likely be sending the project out to bid in early spring, with construction to follow shortly thereafter.

Pricing for the finished units is still being finalized, but Saito said they will likely be marketing the building toward a young professional demographic due to the large predominance of tech and life science companies situated close by.

Amazon.com’s corporate headquarters, for instance, is less than a mile away.

鈥淚f you were a good golfer, you could probably hit it with a driver,鈥� Saito said.