Back in 2008, Daniels Real Estate and Stockbridge Capital Partners's Fifth + Columbia project was about to get off the ground when financial issues forced a stoppage. Now, the project is back on track and construction has begin on what will ultimately be a 43-story office/hotel complex thanks to foreign money.
Joining Daniels Real Estate and Stockbridge on the Fifth + Columbia project are foreign investors, who will contribute construction lending from a group of investors organized by Henry Global Consulting Group, one of the largest immigration consulting firms in China. When completed, floors two through 15 will be a luxury 180-room hotel by SLS Hotels, leaving roughly 525K square feet of office space.
· Foreign money will help re-launch construction of Seattle tower [PSBJ]
· Fifth & Columbia Tower Will Be Home To New Kind Of Seattle Hotel [Curbed Seattle]
· Fifth and Columbia Tower Breaking Ground, Finally [Curbed Seattle]