Last month, Canadian developer Bosa paused work on a long-anticipated project in the heart of downtown Seattle. The company cited inflation and economic turbulence in halting the plan for a 422-unit condominium apartment building at a partly excavated site opposite Seattle City Hall.
"Volatility in the construction market, as well as commodity and construction price escalations and the great uncertainty they create, continue to be a concern," the company said in a statement released to the Seattle Times. Company officials could not be reached for further comment.