Equity Residential officials on Tuesday said they’re starting construction of a 40-story luxury apartment tower in downtown Seattle at 204 Pine St.
Another developer had started construction of a hotel/condo project on this site near Pike Place Market, but work was halted when the Great Recession started and the excavated hole was filled in. Equity acquired the half-block site in 2012 for $22 million, and has operated the property as a surface parking lot.
Scheduled to be done in 2017, the 398-unit project will have studios and one- and two-bedroom apartments. Anticipated rental rates were not available.