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JV to Erect 24-Story Residential Building

SEATTLE-The first Seattle res high-rise since 2008 would include 169 units.

By David Phillips | Updated on October 24, 2013

SEATTLE-Lowe Enterprises Investors (“LEI”), a leading investment manager, and Alecta, Sweden’s largest mutual pension company, have formed a joint venture to develop a high-rise residential building in the First Hill area of Seattle. The venture plans a 24-story condominium tower with approximately 169 for-sale units at the fully-entitled site at 1321 Seneca.

The property will be the first high-rise residential building developed in the First Hill neighborhood since 1982 and among the first in the downtown Seattle area since 2008.

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