The City of Seattle has approved the conversion of the Smith Tower from an office building to a condo. However, the developer still has to get another approval from the Pioneer Square Preservation Board. Read more.
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(Update 03/30/08-There are plans to convert only the top 12 floors (from 22-33) to condominiums with one unit per floor, roughly 2,000 sq ft each. Floors 2 through 21 would remain office space. Read more here.)