45-story condo tower proposed for low-profile Federal Way

As Featured in The Seattle Times

Written by Eric Pryne

Photo Courtesy of The Seattle Times

In an article on the Sky Hotel & Residences project in Federal Way, Pryne says, "Overseas investors are being pitched to buy into a 45-story condo project in Federal Way, with the added lure of getting a green card for U.S. residency," and notes, "There have been few new condo starts since the economy sank and the real-estate and credit markets collapsed two years ago. Recently completed high-rise, high-end condo towers in downtown Seattle and downtown Bellevue have had trouble attracting buyers. But 'the market may look very different in four or five years,' said Dean Jones, of the condo-marketing firm Realogics, who is consulting on the Sky project."