Virtú Investments JV acquires Skyglass Tower in Downtown Seattle

Virtú Investments announced it has acquired Skyglass Tower, a brand-new class A, 338-unit, 31-story multifamily tower located in downtown Seattle.

Completed in 2024, the LEED Gold, glass-paneled high-rise in the South Lake Union neighborhood comprises luxury studio and one-, two- and three-bedroom units; three floors of underground parking; and retail space at ground level. Additional features include a rooftop green space, a gym, a lobby with high-end finishes and views of the Space Needle.

Virtú acquired Skyglass Tower as a joint venture with the Real Estate Business at Goldman Sachs Alternatives and the Virtú Evergreen Fund, an open-end fund launched in 2015 for generational ownership, long-term compounding, extreme tax efficiency and flexible liquidity. The Evergreen Fund is designed to take advantage of 1031 Exchanges within the Fund to perpetually defer taxes on gains and cash flow.

Cushman & Wakefield’s Capital Markets team represented the seller