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July 20, 2021

Arbutus pays another $13M toward SLU office site

Real Estate Editor

Rendering Perkins + Will [enlarge]
Looking southwest, Arbutus owns the west site (right) where the taller residential tower is planned. The east office tower is depicted at left, closer to the freeway.

Canadian developer Arbutus Properties has added another chunk of land to its intended development site in South Lake Union, at 1305 Stewart St., where a 14-story office building is planned. King County recorded the $13 million sale on Friday. That's on top of $7.2 million paid to another property owner in March.

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