JV Secures $325M in Financing to Revive Potala Tower Hotel, Apartment Project in Seattle

February 1, 2017

SEATTLE — A joint venture between the Molasky Group and China-based Binjiang Group has secured $325 million in financing to build a 41-story mixed-use multifamily and hotel tower in the Belltown submarket of Seattle. Financing includes a $225 million joint venture partnership, as well as a $100 million construction-to-permanent loan.