New York developer Larry Silverstein’s Estates Tower luxury condo above the InterContinental Seattle Bellevue hotel.
Photographer: Chona Kasinger/Bloomberg
NYC Developer Silverstein Bets on Rising Wealth of Seattle’s Neighbor
Billionaire’s firm has taken over ownership of Avenue, a luxury condo and hotel project in fast-growing Bellevue.
New York developer Larry Silverstein, best known for his World Trade Center skyscrapers, is going all-in on the Pacific Northwest, taking full ownership of a project surrounded by some of the wealthiest US ZIP codes and the world’s biggest companies.
Avenue in Bellevue, Washington, has two luxury condo towers, where roughly 40% of the units have sold at an average price that has far outpaced other new buildings nearby. A $9 million penthouse purchase set a state record for the highest condo price per square foot. Silverstein’s firm assumed control of the development last year, shortly after the InterContinental Hotel on the site opened.