High-rise project plan for Seattle downtown
Martin Selig Real Estate (MSRE) has recently spent $6.5m on a garage with the aim of developing the site around it.
Developer Martin Selig has also purchased another building in the area. He has spent $7.5m on this old structure with the notion of moving forward with the construction of a tower, which would include offices and apartments.
The garage in question is located in Third Avenue and sits opposite a unit called Bed Bath & Beyond. If MSRE does go ahead with the initiative, new occupants of the tower could use stationery printers in Woodinville for promotional purposes.
Mr. Selig has said he is “having a good time”, and his attitude may have been influenced by the fact that MSRE has several other plans in progress at the moment. There is an initiative relating to property adjacent to the sculpture park associated with the Olympics. In addition, another project should lead to large offices being constructed on Second Avenue.
The potential development in Second Avenue is the consequence of Selig outbidding the competition with $16bn. This expenditure permitted him to secure a building that was once the possession of the Federal Reserve Bank.
Mr. Selig is working with architects Perkins + Will on one of his latest acquisitions. He has not yet set a date for the work to be completed.
Developer Martin Selig has also purchased another building in the area. He has spent $7.5m on this old structure with the notion of moving forward with the construction of a tower, which would include offices and apartments.
The garage in question is located in Third Avenue and sits opposite a unit called Bed Bath & Beyond. If MSRE does go ahead with the initiative, new occupants of the tower could use stationery printers in Woodinville for promotional purposes.
Mr. Selig has said he is “having a good time”, and his attitude may have been influenced by the fact that MSRE has several other plans in progress at the moment. There is an initiative relating to property adjacent to the sculpture park associated with the Olympics. In addition, another project should lead to large offices being constructed on Second Avenue.
The potential development in Second Avenue is the consequence of Selig outbidding the competition with $16bn. This expenditure permitted him to secure a building that was once the possession of the Federal Reserve Bank.
Mr. Selig is working with architects Perkins + Will on one of his latest acquisitions. He has not yet set a date for the work to be completed.