apartments

Business
4:23 pm
Mon June 25, 2012

Downtown apartment construction signals a recovery

Construction has begun on the Insignia Towers, the first condo development in downtown Seattle since 2007
Ashley Gross KPLU

The number of apartments being built in downtown Seattle has jumped almost 10-fold compared with two years ago, suggesting the city’s downtown core is in the midst of a rebound.

The first condo building to start construction in five years also recently broke ground in the city's Denny Triangle neighborhood. That's another sign that the market may be beginning to revive, after the real estate crash brought condo construction to a halt.

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Apartment Market
4:20 pm
Wed April 20, 2011

Race to build apartments could be good for renters and construction workers

Developers broke ground on the Alto Apartments in Seattle's Belltown neighborhood in November 2010. It's part of a rush to build more rental units in the city.
Charla Bear KPLU

Some industries are slowly creating jobs again, but construction isn’t really one of them. The state lost about 2,400 construction jobs just last month, according to state employment economists. But in Seattle, hope could be on the horizon.

The clanking and pounding sounds of construction are starting to return to the city. Some builders who work on high-rise projects have been able to dust off their nail guns, thanks to a growing demand for apartments.

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