The Forest Cove apartment complex is expected to close its doors by the end of the summer.
The complex has been in the works for about a year, according to a press release issued by the company that owns the property.
The announcement came two days after The Wall Street Journal reported that The Forest Cave apartments had been in discussions with developers about a potential sale.
The building is in a residential neighborhood with many of the nation’s largest trees.
More than 2,000 people work at the building.
A spokesperson for The Forest Canyon Development Company did not immediately return a request for comment.