Skanska invests $296m in Seattle apartment building

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.

The post Skanska invests $296m in Seattle apartment building appeared first on Global Construction Review.

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