NYC Developer Silverstein Bets on Rising Wealth of Seattle's Neighbor
Avenue in Bellevue, Washington, has two luxury condo towers, where roughly 40% of the units have sold at an average price that has far outpaced other new buildings nearby. A $9 million penthouse purchase set a state record for the highest condo price per square foot. Silverstein's firm assumed control of the development last year, shortly after the InterContinental Hotel on the site opened.
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