Tower 12

The 2nd & Virginia site was formerly proposed as part of a $67 million condominium project in the early 1990s called "One Pacific Towers", which would have had two 27-story towers with 145 units in each, that was later cancelled.^[7] In 2008, developer Justen Company submitted proposals to build a 39-story, 234-unit condominium building on the same site, part of a two-tower project spanning Virginia Street,^[8][9] but did not move further on into the design review process.^[10]

Bellevue-based developer Continental Properties bought the quarter-block property and master-use permit in March 2014 for $16 million, and announced plans to build a 324-unit residential building on the site using the previously-approved master-use permit.^[11] Initially planning to build condominiums,^[12] Continental instead opted to build apartments (later named "Tower 12") because of the higher value and lower risk involved.^[6]

Construction of the building began on March 27, 2015 and the building opened on May 1, 2017.^[1][6] The building was topped out in August 2016.^[13] Tower 12 was completed in mid-2017 and acquired by Weidner Apartment Homes for $225 million in October.^[14]