Columbia West plans to build new Condo Units in Seattle

Recent reports today indicated that the parcel of land located at the NW corner of 2nd Avenue & Virginia has been put up for sale by the property owner, Columbia West. They are selling the lot so they can use the profit to build income producing properties. But insiders of the company told us though that if the land has no takers, Columbia West will ultimately develop the property.

Columbia West, who also owns a property on the SW corner of 2nd Avenue & Virginia is pushing through with its plans to develop a condominium/hotel complex and integrate the Terminal Sales Annex building nearby. Despite public concerns that the building might be razed, their fears were unsubstantiated since it received landmark status just a couple of months ago.