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Greystar Sells Seattle 'Shangri-La' Apartment Complex on Lake Washington

Early 1960s Property Developed With Luxury, Life on the Water in Mind
The apartment building in Central Seattle, long known as the Shangri-La, was built in 1961 and was used as a hotel during the Seattle World's Fair in 1962. (CoStar)
The apartment building in Central Seattle, long known as the Shangri-La, was built in 1961 and was used as a hotel during the Seattle World's Fair in 1962. (CoStar)
By Clare Kennedy
CoStar News
January 14, 2022 | 5:49 P.M.

A San Francisco investor paid apartment giant Greystar $31.1 million for a 1960s-era apartment building that juts into the waters of Lake Washington, with some of the units hovering over the waves.

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