News
Seattle Multifamily

Daniels Real Estate Buys First Hill Site For Multifamily Development

Photo credit: LMN Architects

Daniels Real Estate inked a deal to acquire 800 Columbia St in First Hill, where it plans to develop a 30-story residential property. The seller was Swedish pension fund Alecta, which has owned properties in First Hill since the worst of the recession.

The 284-unit project will be designed as condos, but could be for-rent apartments, reports the Puget Sound Business Journal. Pending city approval, Daniels wants to start work on the property next year. [PSBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

Mesirow Pays $132M For Midtown Luxury Apartment Tower

Integra Acquires Evacuated Broward Condo Complex Via Court-Ordered Auction