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July 30, 2021

U District bank soon to be demolished for apartment tower

Real Estate Editor

Rendering by Rendering by Runberg Architecture Group [enlarge]
This view looks northeast at the planned B45 tower. The corner of the Neptune Theatre building is at lower right; behind that (south) is the new light rail station.

A demolition permit was recently issued for the shuttered old KeyBank at 1300 N.E. 45th St. And, to replace it, this week a proposed 22-story apartment tower secured its SEPA determination of non-significance from the city. That clears the path for a master use permit, and the latest SEPA filings from developer Barrientos Ryan indicate a summer start date for the University District project dubbed B45.

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