VULCAN PLANS MORE NEW CONDOS IN S. LAKE UNION
Vulcan Inc. announced plans for its 10th residential development in the South Lake Union neighborhood of Seattle.
The Paul Allen-owned company's latest project will include 90 condominiums and 4,000 square feet of retail located at 9th Avenue North and Harrison Street, according to an announcement.
Officials said the project is geared toward first-time buyers with units ranging in size from 680 to 1,100 square feet. Prices begin at around $250,000, the company said.
Construction will start in late 2006 and occupancy is scheduled for fall 2007.
Johnson Architecture and Planning and Walsh Construction have been chosen as the project team, Vulcan said.
Seattle-based Vulcan owns about 60 acres in the South Lake Union neighborhood, and has developed 650,000 square feet of new projects in the past two years. Nearly 900,000 square feet is under development this year and another 2.1 million square feet is in planning stages.