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Seattle Tech Builder Sells Multifamily Site to Morgan Stanley-Backed Firm

Vulcan Real Estate Parts With Parcel Partially Entitled for 470-Unit Tower
A rendering of a 44-story residential tower planned by Vulcan Real Estate for a Seattle development site. The company passed the site to a Chicago builder in a deal Friday. (CoStar)
A rendering of a 44-story residential tower planned by Vulcan Real Estate for a Seattle development site. The company passed the site to a Chicago builder in a deal Friday. (CoStar)
CoStar News
July 27, 2022 | 5:58 P.M.

One of Seattle’s most prominent builders sold a downtown multifamily site as inflation and borrowing costs eat into margins across the region.

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