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June 11, 2018

Tower Site at 1516 2nd Ave Sold to Original Elev8 Developer

Chomer BuildingUrban Visions sold their tower development site near Pike Place Market, located at 1516 2nd Ave across the street from Fifteen Twenty-One condominiums, to the developer who was planning the 4 tower Elev8 mixed use project in Bellevue, which includes offices, apartments, and condos. The developer, Plus Investments USA, has sold its controlling interest in Elev8.

Will this tower now be developed into a condominium building? It is unconfirmed at this time but according to the PSBJ article "the plan seems to be a condominium project". So we are hopeful! The previous owner of the site, Urban Visions, was planning a building containing retail and office space so condominiums would be a shift so we will have to wait to see what this new developer plans for this site.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.