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## Development Update: Rainier Mall Property

### Master Use Permit Secured

The long-awaited master use permit for the first of two apartment buildings at the Rainier Mall property has finally been granted in January. This marks a significant milestone after four years of planning and anticipation.

### Land Sale for South Building

Following the permit approval, the land sale for the south building at 4238 Rainier Ave. S. has been finalized. Lake Union Partners will be spearheading the development project at this location, situated on the corner of South Genesee Street.

### Future Plans

While the start date for the south project is yet to be announced, the subsequent building for the north remains in the pipeline without a specific timeline.

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