Developer Martin Selig buys former Federal Reserve Bank building

Mary Bruno

Mary Bruno Jul 1, 2025

Feb 6, 2018

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                <h1>Developer Martin Selig buys former Federal Reserve Bank building</h1>
                <h2><p>The U.S. General Services Administration (GSA) auctioned off its Federal Reserve bank building (1015 Second Avenue) in downtown Seattle and Seattle developer Martin Selig walked away with the prize, according to The Puget Sound Business Journal. The $16 million pricetag was too high for the Seattle School District, which</p></h2>
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               <p>By <a href="/author/mary-bruno-crosscut-com/">Mary Bruno</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>The U.S. General Services Administration (GSA) auctioned off its Federal Reserve bank building (1015 Second Avenue) in downtown Seattle and Seattle developer Martin Selig walked away with the prize, <a href="http://www.bizjournals.com/seattle/blog/2015/04/martin-selig-is-the-new-owner-of-the-former.html?ana=e_sea_bn_breakingnews&u=yuad1z4QG3VQahZLeS60dg0d0f72c6&t=1428338436&ref=dev.cascadepbs.org">according to The Puget Sound Business Journal</a>. The $16 million pricetag was too high for the Seattle School District, which had considered the federal Building for a downtown school. The structure was "where cash was counted and distributed among banks in the region," reports PSBJ. Which means Martin Selig bought himself an atomic bomb-proof building. Seriously.</p>
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The U.S. General Services Administration (GSA) auctioned off its Federal Reserve bank building (1015 Second Avenue) in downtown Seattle and Seattle developer Martin Selig walked away with the prize, according to The Puget Sound Business Journal. The $16 million pricetag was too high for the Seattle School District, which had considered the federal Building for a downtown school. The structure was "where cash was counted and distributed among banks in the region," reports PSBJ. Which means Martin Selig bought himself an atomic bomb-proof building. Seriously.

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By Mary Bruno

Mary was Crosscut's Editor-in-Chief and Interim Publisher. In more than 25 years as a journalist, she has worked as a writer, editor and editorial director for a variety of print and web publications,