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The Swedes Are Here: Alecta, Skanska Taking Over Seattle Apartment Market

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Vulcan Real Estate, Touchstone Corp. and the rest. You have company in the Seattle real estate market and that company enjoys eating meatballs. DJC reports today that Sweden-based pension fund management company Alecta is building a 240-foot apartment building at 800 Columbia St. in First Hill. It's the latest in a long line of Seattle projects by the company as well as fellow Swedish corporation Skanska.

Alecta can add this latest project to their list of current ones, including two 270-foot apartment towers at 1321 Seneca and 504 Terry. They paid $5.4 million for the land that they'll build this most recent tower on.

Alecta is joined in the Seattle skyrise market by Skanska, whom you might know as the developers of 400 Fairview in South Lake Union and Stone34 in Wallingford/Fremont. The company is also working with Seattle on the Alaskan Way Viaduct replacement as well as six other projects in and around town.

And you know, when you think about the name of our hospitals and the mighty fist that the Swedish Cultural Center wields...my God...they've been here all along. We're too late...

· Another First Hill tower for Alecta [DJC]
· Two more First Hill apartment towers come before design board [CHS]
· 400 Fairview Approved, New Businesses In Capitol Hill & Pioneer Square [Curbed Seattle]
· Coming Attractions: Stone34 [Curbed Seattle]