Plenty of Seattle projects carry a "construction" label in the permit system. Far fewer have actually broken ground. The gap matters if you want to know what is really rising on a given block this year. A project only starts building once the city issues its construction permit. Until then it can sit in review for months, sometimes years, with a permit application on file and nothing happening on site.
BuildVue tracks that distinction directly from the permit record. Below are the largest developments in Seattle that have an issued building permit and are physically under construction now, ranked by the construction value on that issued permit. After that comes a second list, the large projects that are permitted or in review and waiting to start.
How we ranked these
Early design estimates inflate a lot of published project values. A tower can show a placeholder figure of several hundred million dollars from an early design guidance filing years before anyone pours concrete. We skip those. Each value below comes from the construction permit the city has actually issued, which is the closest thing the record offers to a real construction budget. That is why some numbers here read lower than headline figures you may have seen elsewhere.
Under construction right now
| Rank | Address | Neighborhood | Building permit value | Homes | Stories | Lead firm |
|---|---|---|---|---|---|---|
| 1 | 1101 Thomas St | South Lake Union | $213M | Office and homes | 41 | Chris Dikeakos Architects |
| 2 | 3020 NE 45th St | Ravenna | $170M | 734 | 7 | Quarterra |
| 3 | 2405 7th Ave | Downtown | $138M | 442 | 44 | Holland Development |
| 4 | 800 Seneca St | Downtown | $112M | 202 | 33 | Horizon House |
| 5 | 820 John St | South Lake Union | $80M | 278 | 28 | Pillar Properties |
| 6 | 3833 Stone Way N | Fremont | $50M | 231 | 7 | Veer Architecture |
| 7 | 6710 Roosevelt Way NE | Roosevelt | $47M | 244 | 7 | High Street Northwest |
| 8 | 4200 E Mary Gates Memorial Dr NE | University District | $34M | 341 | 6 | UW housing |
The former Seattle Times block leads. At 1101 Thomas St in South Lake Union, the city has issued a phased construction permit worth about $213 million for a 41 story office and retail tower on the block the Seattle Times once occupied. The full redevelopment plans office and residential space across several towers, so this is the first major piece rather than the whole thing.
A 44 story tower in the Denny Triangle. 2405 7th Ave is a 442 home apartment high rise from Holland Development with Weber Thompson as architect. Its issued permit values the tower at about $138 million, well under the $215 million early estimate that appears on some records.
Horizon House keeps growing on First Hill. The retirement community at 800 Seneca St received its west tower construction permit in December 2025 for a 33 story, 202 home addition on the First Hill edge of downtown.
Neighborhood towers, not just downtown. Four of the eight sit outside the downtown core. 3020 NE 45th St, a Quarterra project near University Village, is building 734 homes across low towers on a podium. Fremont, Roosevelt, and the University District each hold a large active site of their own.
Permitted and waiting to break ground
These projects carry a construction status but have not started. Their building permits are still in review, so we list them by the number of homes proposed rather than a construction value.
| Address | Neighborhood | Homes proposed | Stories |
|---|---|---|---|
| 5900 37th Ave S | Columbia City | 750 | 7 |
| 800 Stewart St | Downtown | 567 | 53 |
| 1516 2nd Ave | Downtown | 498 | 46 |
| 8340 35th Ave Ne | Wedgwood | 319 | 6 |
The Columbia City project at 5900 37th Ave S is the largest by home count of anything in this stage, a phased redevelopment of a low rise apartment site into 750 homes. Downtown holds two skyline sized towers waiting on their permits, the 53 story 800 Stewart St from Lincoln Property and the 46 story 1516 2nd Ave. Out in Wedgwood, 8340 35th Ave Ne would bring a 319 home grocery anchored building to a low rise commercial corner.