SEATTLE—Construction has commenced on Luma, a24-story, 168-unit condominium tower at 1321Seneca St., a joint venture between LoweEnterprises and Alecta.
Luma is the first condominium high-rise building to be developedin the First Hill neighborhood since 1982 andamong the first in the downtown Seattle area since 2008.
“The First Hill neighborhood, with its concentration of medical,educational and research facilities, has the highest job density indowntown Seattle. Its proximity to the vibrantPike/Pine triangle and multiple rapid transitlines make the location extremely desirable. Yet the area isexperiencing a shortage of new for sale condominium properties,”said Suzi Morris, senior vice president of LoweEnterprises Real Estate Group.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
