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January 9, 2020
Jones Lang LaSalle announced last month that it has secured a $43.5 million construction loan for a 40-unit condominium project in West Seattle. The project at 1250 Alki Ave. S.W., developed by Vibrant Cities, is now called Infinity Shore Club Residences. JLL's Brandon Roth and Zack Goodwin sourced the loan from Man Group and Urbanite Capital. Vibrant Cities acquired the site in 2015 for $5.7 million. The master use permit was issued last August, and the construction permit last month. Tiscareno Associates is the architect; no general contractor has been announced, though Walsh Group appears in city records. (Walsh is also building Vibrant Cities' Pivot on Capitol Hill.) Vibrant Cities hopes to complete the Alki project next year. The six-story luxury building will have amenities including an infinity pool. Prices haven't been announced.