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Seattle & Northwest  + Seattle  + Apartments  |  August 16, 2024
Jasmine Kilman
By: Jasmine Kilman

Planned 46-Story MF Project in Seattle Paused Citing Crime

Work on a planned Seattle residential tower near Pike Place Market has been paused amid the developer’s concerns about crime in the area.

According to Kevin Corbett, CEO of Plus Investment (USA), construction on the 46-story project at 1516 Second Avenue will not move forward, reported the Puget Sound Business Journal.

“Unfortunately, I don’t see us going vertical anytime soon with the continued public safety concerns in the neighborhood,” Corbett said. “Open-air drug markets are still visible day and night on Second and Third Avenue. I know the city needs more resources, but I don’t see much new downtown commercial development happening until there is a stronger crackdown on these illegal activities.”

Plans for the project plans include a proposal for 518 units in the apartment building with retail space and below-grade parking spots.

Photo credit: Hewitt Seattle

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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