Let G be a countable abelian group. We construct a unital simple projectionless C∗-algebra A with a unique tracial state, that satisfies (K0(A), [1A]) ∼= (Z, 1), K1(A) ∼= G, A ⊗ Z ∼= A, and that is obtained as the inductive limit C∗-algebra of a sequence of dimension drop algebras of a specific form. This construction is based on the construction of the Jiang-Su algebra. By this construction, w...