Former Market Arms corner building to become a 188-unit apartment complex

There are plans in the works to turn the former Market Arms corner property (2401 NW Market St) into a large apartment building.

The owners, Deal Investments, filed a land use pre-application in November to develop a 190,570 square-foot mixed-use building with 4,525 sq. ft. of retail, 188 residential units, 6,300 sq. ft. of common amenity space, and parking for 119 vehicles.

The Market Arms closed in 2020 during the pandemic, and almost turned into Bjorn’s Bar, with Scandinavian Specialties owner Bjorn Ruud behind the idea. But Ruud told My Ballard that the owner of the building chose instead to sell, which means his pub plans are on hold.

Lunde Electronics is another tenant in the building slated for redevelopment, located at 5415 24th Ave NW. Just west of the shuttered Market Arms was Sunset Hill Veterinary & Rehabilitation Center, which moved to 9000 Holman Rd NW last summer.

The entire block at the southwest corner of 24th and Market is set to be remade into apartments. The property just west of 2401 NW Market St is owned by Carmel Partners and will be turned into a 171-unit apartment building. J. Selig Real Estate is planning 120 units on the next property over, 2501 NW Market St.

There aren’t yet any design plans for the corner development, but we’ll update you when we learn more.