Seattle's historic Smith Tower sold to local ownership group
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Published 2024-08-09
The historic skyscraper, which used to be the tallest building on the West Coast, was bought by a group of local investors led by Seattle-based GT Capital, which also includes prominent Seattle families and local investment firms Freestone Capital Management and Evergreen Ventures.
The tower was last sold in 2019 and was owned by Goldman Sachs and Unico Properties. The investment bank Eastdil Secured confirmed to KING 5 in 2023 that they were marketing the tower and that it was “unpriced.”
Read more: www.king5.com/article/news/local/seattle/seattles-…
All Comments (5)
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Owning the Smith Tower was a goal when I came to Seattle nearly 50 years ago. Darn! Missed again. But thrilled for local ownership to have it.
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When I was a little girl we used to call it the watches tower when we drove by on the freeway
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That building has beautiful marble floors throughout, and used to have manual-operated elevators with a person running them, like in oldtime movies. I know it's gonna be expensive from now on to visit the observation deck, and when they get restaurants going, they will also be expensive. Funny the changes that building has had over the years. Anybody remember the long-playing Angry Housewives on the main floor?
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Consider that gone they better let people live there FOR REASONABLE price for the privilege to own such a nice building.
