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Daily News |
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Japanese |
July 7, 2023
U.S. developer and three Japanese companies jointly develop near Seattle
SUMITOMO FORESTRY CO.,LTD.(Head office: Chiyoda-ku, Tokyo, President: Toshiro Mitsuyoshi), Fuyo General Lease Co., Ltd. (Head office: Chiyoda-ku, Tokyo, President: Hiroaki Oda), Odakyu Electric Railway Co., Ltd. (Head office: Shinjuku-ku, Tokyo, President: Koji Hoshino) The joint venture will work with major U.S. developer Trammell Crow Residential (TCR) to develop an 8-story rental apartment complex in Shoreline, a suburb of Seattle, Washington. The total project cost was approximately 167 million USD (approximately 24.1 billion yen). 8-story, mixed structure (the floors above the 4th floor are made of wood). Construction is expected to begin in November 2023, with rental operations scheduled to begin in April 2026.
[Details will be published in Housing Journal Wood Technology September
2023 issue (issue released on August 15th)
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