Leading Chinese real estate company partners in Seattle high-rise
May 18, 2016, 5:35 AM
The tower will contain 400 residential units above 1,950 square feet of retail space. There will be parking for 315 vehicles, according to city documents. (City of Seattle)
(City of Seattle)
A leading Chinese real estate company could be investing in a Seattle tower planned near the Space Needle.
During his trip to China, Seattle Mayor Ed Murray announced China Vanke Co. has partnered with developer Laconia on a 43-story tower at 600 Wall Street.
It will be Vanke’s first investment in Seattle, according to Murray. Murray says Vanke is China’s largest real estate developer.
The tower will contain 400 residential units above 1,950 square feet of retail space and parking for 315 vehicles, according to city documents.
The site is a triangular piece of land that is bordered by 6th Avenue, Denny Wall, and Wall Street, which is currently occupied by a surface street parking lot.
Mayor Murray touted the relationship between Seattle and China recently on Seattle’s Morning News. He said the city relies heavily on trade, pointing out that China is one of Washington’s largest trading partners.
During his trip to China and Japan, Murray also announced several other agreements, including one with the City of Shenzhen, China on medical research, Xiamen Airlines offering direct service between Seattle and Shenzhen, and signing a Memorandum of Understanding between Seattle and the City of Hangzhou.
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