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Skanska invests $296m in Seattle apartment building

A view of Seattle’s trendy Belltown neighbourhood from the Olympic Sculpture Park, June 2022 (Dietmar Rabich/Wikimedia Commons/CC BY-SA 4.0)
Developer-builder Skanska starts work next month on a 31-storey apartment building it’s developing in the trendy Belltown neighbourhood of Seattle, Washington.

Called “Kaye”, the building will have 324 units and a mixed-use ground floor.

Skanska said it is investing $296m in the venture, with $190m reserved for the cost of construction, which will be logged in its US order bookings for the fourth quarter of this year.

The project aims for LEED Gold, Fitwel, and WiredScore certifications.

Completion is scheduled for the second quarter 2025.

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