Keller Williams Greater Seattle

A new condo developement planned for Belltown

It’s still early, but the Puget Sound Business Journal reported that a Chinese-based company is looking to develop condos on land it recent purchased adjacent to the fire station on 4th Avenue in Belltown. Initial reports indicate a 22-story building.

The developer of a downtown Seattle high-rise residential tower announced this week the new building will be condominiums.

On Tuesday the Business Journal reported that a Chinese company paid just over $20 million for a quarter block in the Belltown area. In a follow-up interview, TeamRise representative Randy Lim said Wednesday that the units will be for sale, rather than rental properties.

They’ll be “condos first and foremost due to current demand,” Lim said.

Continue reading the full article at PSBJ.

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About the Author

About the Author: Ben Kakimoto is a Seattle condo and urban real estate marketing & listing specialist. Contact Ben to learn more about the Seattle condo and loft real estate market or about buying or selling a Seattle area condo. Find Ben on Google+, Twitter and Facebook. .

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