SEATTLE—Developers plan to break ground this fall on a 660-foot downtown office tower that would be the tallest building erected in Seattle in more than 20 years.
Daniels Real Estate of Seattle and equity partner Stockbridge Capital Partners of San Francisco obtained permits for the 43-story Fifth and Columbia Tower in early 2008. They put the project on hold later that year when Washington Mutual collapsed and downtown offices began to empty. Nearly five years later, they are back in the starting gate, according to the Seattle Times.
Seattle's strong job growth is enough to get the partners to start building again — even without signed tenants, they say.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
