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August 11, 2021

Nicola Wealth plans 28-story apartment tower in U District

By BRIAN MILLER
Real Estate Editor

Photo by Kidder Mathews [enlarge]
Farewell, UDB. We hardly knew ya.

The squat, unprepossessing University District Building, at 1107 N.E. 45th St., last traded in 2016 for almost $20 million. It's owned by Nicola Wealth, of Vancouver, B.C., via a limited partnership. The five-story office building dates to 1961, and is a few steps west of U District Station, where light rail service begins this fall.


 
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