Real Estate
Seattle Luxury Tower Gets Financing as Tech Boom Drives Demand
- Project nabs $450 million loan from Children’s Investment Fund
- City is seeing more interest from Asian, Vancouver investors
Seattle’s grunge culture, fading for years amid a tech-fueled wealth boom, has taken a another blow.
Vancouver-based Westbank Corp. has landed $450 million in construction financing for a planned 47-story downtown tower -- replete with a cantilevered rooftop pool, gardens and apple orchard.