Nicola Wealth Plans 28-Story Apartment Tower in U District

The squat, unprepossessing University District Building, at 1107 N.E. 45th St., last traded in 2016 for almost $20 million. It’s owned by Nicola Wealth, of Vancouver, B.C., via a limited partnership. The five-story office building dates to 1961, and is a few steps west of U District Station, where light rail service begins this fall.

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