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November 19, 2009

Griffin says 6th Ave. apartments on hold

  • MEPT asked Pine Street Group to put the project on hold for one to three years.
    • By LYNN PORTER
    Journal Real Estate Editor

    Developer Matt Griffin said a 650-unit apartment project his Pine Street Group plans to build downtown has been put on hold.

    Seattle-based Pine Street's partner in the project, Multi-Employer Property Trust, wants to “get a little more risk out of the economy” before moving forward, said Griffin, who was the keynote speaker at a Seattle Mortgage Bankers Association event Wednesday.


     
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