Developer pauses massive residential project over Seattle crime crisis

Kevin Corbett, the CEO of Plus Investment (USA), waited over eight years for a master-use permit to build a 46-story residential tower near Pike Place Market. But he’s indefinitely paused the construction over the Seattle crime crisis.

“Unfortunately, I don’t see us going vertical anytime soon with the continued public safety concerns in the neighborhood,” Corbett told the Puget Sound Business Journal. “Open-air drug markets are still visible day and night on Second and Third Avenue. I know the city needs more resources, but I don’t see much new downtown commercial development happening until there is a stronger crackdown on these illegal activities.”