Gerding Edlen Investment Management Co. has acquired an unbuilt apartment project in the heart of downtown Seattle with plans to make a high rise apartment building where its residents can live, shop, and work in a 20 mile radius.
Seattle’s light rail system and streetcar line are expected to expand into the neighborhood with the construction of these rent apartments.
Construction is expected to begin at the end of the year according to https://www.bizjournals.com/portland/blog/2011/05/gerding-edlen-buys-seattle-development.html.
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