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Real Estate

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July 7, 2008

Two-tower complex on 5th Ave. delayed

Journal Real Estate Editor

Image courtesy Ismael Leyva Architects [enlarge]
Multi Capital Group’s plan is to build 400 condos, a 200-room hotel, 300,000 square feet of office space and 12,000 square feet of retail.

Multi Capital Group is delaying construction on a two-tower development across from the Westin Seattle due to a faltering economy, poor local condo sales and lack of financing for parts of the complex, according to a project official.

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