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Millennium Tower Refinances with MetLife

SEATTLE-Millennium Tower has retired its original construction loan for the 200,000-sf commercial unit of Millennium Tower after negotiating a refinancing deal with MetLife.

By Michelle Savage | Updated on January 19, 2003

SEATTLE-Millennium Tower LLC has negotiated a deal with MetLife to refinance the commercial unit of Millennium Tower, a 20-story mixed-use development in downtown Seattle.

A joint venture between local developer Greg Smith and partners at Martin Smith Development Corp. and Boston-based Beacon Capital Partners developed Millennium Tower, which is located at the corner of Second Avenue and Columbia Street. The project consists of six floors of luxury residential condominiums built atop 14 floors of Class A office space and seven levels of underground parking.

Millennium Tower LLC completed the 200,000-sf commercial project in 2001 with construction financing from U.S. Bank and Zions Bank. The company’s refinancing retired this construction loan.

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