50-Story Skyscraper Planned For Downtown Seattle - Spokane, North Idaho News & Weather KHQ.com

50-Story Skyscraper Planned For Downtown Seattle

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SEATTLE (AP) - A $500 million development with a 50-story office tower is planned for property the University of Washington owns in downtown Seattle.
    
University regents approved an agreement Thursday with the developer Wright Runstad & Co. for a complex at Rainier Square that would include a 15-story hotel. The existing Rainier Tower would remain on the 10-acre property, the original site of the university.
    
The Seattle Daily Journal of Commerce reports (http://bit.ly/1nwBul2 ) the board of regents wants to generate more income from the property.
    
The complex would include 182 apartments, street-level stores, and parking for 1,200 cars. Construction could start in 2017 and would take about three years.

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