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Old October 3rd, 2012, 08:51 AM   #41
bennyboo
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Oh i am so excited to see these go up! will be the biggest project ive gotten to witness in Seattle since i got into city development.
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Old January 25th, 2013, 09:50 PM   #42
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Quote:
Originally Posted by DawgFan View Post
New proposal for the 1 Hotel site. I am hoping that anybody but Weber Thompson is the architect for this tower. They're already designing the 38 story proposal across the street, the Viktoria a half block north, 1521 a half block south, and the Cristalla 2 blocks north. Second avenue is going to be a glass canyon once all these residential towers are built. Are the 2nd and Virginia towers still in the pipeline?

http://www.djc.com/news/re/12049332.html
January 24, 2013

Equity plans 39-story tower at 2nd & Pine
By JOURNAL STAFF
Equity Residential is planning to build a 39-story residential tower on a half-block site at Second Avenue and Pine Street, Seattle records show.

The Chicago-based company purchased the site at 204 Pine St. for $22 million in late July.
...
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Old January 25th, 2013, 09:57 PM   #43
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New NBA/NHL Arena in Sodo

http://www.seattle.gov/dpd/AppDocs/G...endaID4263.pdf



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Old January 25th, 2013, 09:59 PM   #44
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A 23-story Hilton Embassy Suites Hotel will anchor the eastern half of Stadium Place, a mixed-use project near Century Link Field.
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Old January 25th, 2013, 10:00 PM   #45
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Other half of North Lot Development progress:

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Old January 25th, 2013, 10:03 PM   #46
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504 Terry on First Hill

http://www.seattle.gov/dpd/AppDocs/G...endaID4193.pdf

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Old January 25th, 2013, 10:05 PM   #47
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Quote:
Originally Posted by Ruffhauser View Post
From todays DJC.

http://www.djc.com/news/re/12048852.html

January 8, 2013

Another First Hill tower for Alecta
By JOURNAL STAFF


The Swedish pension fund management company Alecta is getting ready to build another apartment tower on First Hill. This 240-foot building is planned for a site at 800 Columbia St.

A 22- or 23-story tower would sit on a three-level podium, according to permit records. There will be 275 to 300 units and four levels of underground parking.

The site is on the western side of the block bounded by Marion and Columbia streets, and Eighth and Ninth avenues. Alecta bought three quarters of the half-block for $7.9 million in 2012, property records show. The site now is occupied by parking lots and a vacant building.

The Clarwood apartments are on the northwest corner, which Alecta does not own.

Alecta proposed several apartment towers on First Hill in the last year. It plans a 26-story, 329-unit building at Terry Avenue and Jefferson Street, and a 24-story, 214-unit complex at Boylston Avenue and Seneca Street.

Weber Thompson is the architect on all three of Alecta's projects.

An early design guidance meeting for the 800 Columbia project is tentatively scheduled for 6:30 p.m. March 6 at Seattle University, 901 12th Ave.

Alecta manages approximately $74 billion and has been targeting urban infill sites in global gateway cities.


More First Hill action...
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Old January 25th, 2013, 10:07 PM   #48
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Quote:
Originally Posted by Ruffhauser View Post
From todays DJC

http://www.djc.com/news/re/12049152.html

Stadium Terrace for sale

An apartment project planned for a site across the street from Century Link Field is on the market, again.

Lakeside Capital Management wants to sell the historic Johnson Building at 589 Occidental Ave. S. The company got the ball rolling last year on Stadium Terrace, a 106-unit complex to be built on top of the 110-year-old triangular brick structure, making it a total of 12 stories tall.

Lakeside Capital applied for a master use permit in 2012 with the goal of obtaining it in the first quarter of this year, said Dylan Simon, a Colliers International broker who is marketing the building along with Dave Schumacher and David Mortensen. The property is being offered without an asking price, Simon said.

Laura Bachman of Lakeside Capital said the company put the building up for sale last year without a development plan, but it drew little interest.

“Potential buyers had a hard time trying to envision what could be built on the site,” she said. “We decided to initiate the permitting and design process to help answer the most difficult questions.”

The building's triangular shape presents problems for developers, Bachman said. The structure also sits above a high water table, making it impossible to build underground. The plan calls for 88 parking stalls on the middle levels of the building, above the retail. Bachman said there is space for two restaurants.

The top floors will be apartments and a rooftop terrace.

The units will average 680 square feet, and there are five 2,000-square-foot “penthouses,” with corner locations and views of the water and stadium.

Simon said the area's future is one of the main draws. The project could be completed in 2016, the same year the Alaskan Viaduct is expected to come down.

A pedestrian pathway along Railroad Way South is planned as part of the waterfront redesign, and it would lead right to the front door of the building, giving residents easy access to the waterfront.

“The timing is perfect,” Simon said. “You are building toward that end point.”

Lakeside got the building after a series of proposals fell through.

In 2006, Historic Seattle and Nitze-Stagen and Co. planned to build 69 loft-style condos above restaurants and retail.

The property was next taken by the development company Barrientos, which borrowed money from Lakeside Capital for a similar project. When that stalled during the recession, Lakeside Capital took the property back in September 2011 with a deed in lieu of foreclosure.



Stadium District is on fire!
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Old January 25th, 2013, 10:09 PM   #49
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Somebody make Seattle stop!
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Old January 25th, 2013, 10:10 PM   #50
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Fall start planned for 660-foot skyscraper in downtown Seattle

The Fifth and Columbia Tower, on hold for five years, would be the tallest building erected in Seattle in more than 20 years, and may include a hotel as well as offices.

By Eric Pryne

Seattle Times business reporter

After a five-year wait, developers say they will break ground this fall on a 660-foot downtown office tower that would be the tallest building erected in Seattle in more than 20 years.

Daniels Real Estate of Seattle and equity partner Stockbridge Capital Partners of San Francisco obtained permits for the 43-story Fifth and Columbia Tower in early 2008.

But they put the asymmetrical, angular project on hold later that year when Washington Mutual collapsed and downtown offices began to empty.

Now the downtown market, driven by strong job growth, at last has recovered sufficiently to start building again — even without signed tenants, the companies’ leaders say.

“We just really like Seattle as a market, today and for the long term,” said Stephen Pilch, Stockbridge’s chief operating officer.

One big change is likely for the project: A luxury hotel could occupy the skyscraper’s second through 15th floors. A permit application for the change was filed with city planners last week.

Daniels Real Estate President Kevin Daniels said he’s negotiating with a national hotel company he declined to identify, except to say the brand would be new to Seattle.

Daniels and Stockbridge agreed to buy the quarter-block site in 2007 as part of a complex transaction that also gave them ownership of the neighboring, century-old First United Methodist Church sanctuary and saved it from demolition.

The sanctuary, now a protected historic landmark leased to Mars Hill Church, could be incorporated into the tower development plan, Daniels said.

The planned rehabilitation of the old church will be expensive, he said, “and for that we need a market-driven solution.”

At 660 feet, Fifth and Columbia would be 55 feet taller than the Space Needle. Only Columbia Center, 1201 Third Avenue, Two Union Square and the Seattle Municipal Tower are taller.

The $400 million project is slated for completion in mid-2016.

Fifth and Columbia’s design, by ZGF Architects, attracted considerable attention when it was first unveiled more than five years ago.

The dimensions of each floor would be slightly different, larger in the middle than at the top and bottom. The tower also would extend in and out of the air space above the 1908 sanctuary and another historic neighbor, the 1904 Rainier Club.

Only minor modifications would be needed to accommodate a hotel, Kevin Daniels said.

The developers demolished the 1950 church annex that had occupied the skyscraper site in spring 2008, and planned to start excavating for the foundation that summer.

But previously unknown damage to the sanctuary, discovered when the annex was torn down, required repairs that delayed the construction start.

Meanwhile, the economy soured. And in September 2008 federal regulators seized Washington Mutual, downtown’s largest office user.

Daniels and Stockbridge put Fifth and Columbia on hold days later. “We were already nervous, and that did it,” Daniels said.

WaMu ultimately vacated more than 1.6 million square feet of downtown offices, helping drive greater downtown’s vacancy rate to record highs. But it has since fallen from its late-2009 peak.

A hotel on Fifth and Columbia’s lower floors, if it happens, would occupy about 175,000 square feet, leaving 524,000 square feet of office space for lease starting on the 16th floor.

Daniels said he’s involved in formal discussions with several prospective tenants and anticipates signing at least one before construction starts.

But that’s not a prerequisite, he added.

Fifth and Columbia is the second speculative Seattle project slated to break ground this year in which Stockbridge has a stake. The San Francisco company also is putting up most of the cash for Dexter Station, a 10-story South Lake Union office building scheduled to start construction Feb. 1.

“We’re very bullish on Seattle, “ Pilch said. “Markets go up and down, but Seattle is always one of the first to come back.”

He and Daniels pointed to the city’s recent job growth, particularly in tech and life sciences.

South Lake Union, home to booming Amazon.com, has been the focus of most recent developer interest. The office-vacancy rate there is less than half that of the downtown core to the south where Fifth and Columbia would be built, according to commercial real-estate database Office* space.com.

But Daniels said the core’s empty offices don’t faze him. Companies looking for space are shying away from the core now because what’s available there doesn’t interest them, he said.

Almost all the office buildings there are more than 20 years old. Fifth and Columbia will offer energy-saving features and other amenities that many older buildings lack, Daniels said.

“Tenants really want to be in the newer buildings,” Pilch added. “It’s not just the tech companies — even the law firms want that space now.”

And most of the vacant space downtown is in smaller chunks, said Matt Christian, executive director at brokerage Cushman & Wakefield/Commerce.

“If you’re a larger tenant who needs 100,000 square feet or more, there really isn’t a lot out there,” he said.

Daniels Real Estate also is the master developer of Stadium Place, an ambitious residential, retail, hotel and office complex under construction in Pioneer Square in what was part of CenturyLink Field’s north parking lot.

Stockbridge’s 30 million-square-foot U.S. portfolio includes office buildings in Bothell and Seattle’s Queen Anne neighborhood.
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Old January 25th, 2013, 10:13 PM   #51
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http://www.djc.com/news/re/12049294.html

January 23, 2013

Vulcan in negotiations to develop Yesler Terrace

By NAT LEVY
Journal Staff Reporter

A team of Vulcan Real Estate and Capitol Hill Housing will enter into negotiations with the Seattle Housing Authority to become master development partner of the 30-acre Yesler Terrace property on First Hill.

The Seattle Housing Authority's Board of Commissioners Tuesday chose the local Vulcan-led team over a partnership between New York-based Jonathan Rose Cos. and Cleveland-based Forest City Enterprises.

The negotiations will take several months.

“It's been sort of a broader discussion, but now it becomes very detailed about how this is going to happen,” said Michelle Ackermann, spokeswoman for SHA.

During the negotiation period, Vulcan and SHA will go over specifics of the project and whether Vulcan wants to bring in other developers to split up the work.

If SHA and the Vulcan team fail to reach an agreement, SHA would then enter into negotiations with the Jonathan Rose and Forest City team.

Vulcan said in its answer to an SHA request for qualifications it would approach the redevelopment of Yesler Terrace in similar ways to the projects it has built in South Lake Union.

Vulcan has been involved in a number of public-private partnerships there including the Mercer Corridor project, Lake Union Park, the South Lake Union streetcar, and efforts to build a new electrical substation and underground utilities.

Since 1998, Vulcan has built 6.5 million square feet of commercial, life science, retail and 1,555 housing units. Vulcan said it has closed more than $2 billion in construction and permanent loans over the last 10 years.

Capitol Hill Housing develops affordable units. Founded in 1976, it currently provides apartments for 1,700 people. The organization owns and manages 44 buildings.

When it is complete, Yesler Terrace could be home to 5,000 housing units, 900,000 square feet of office space, and 153,000 square feet of retail and community space. The development could take a total of 20 years and cost as much as $2 billion.

SHA received a total of three responses to the request for qualifications it issued earlier this year.

The third team, which was not a finalist, was led by Texas-based Hunt Cos., with local partners Urban Renaissance Group and Bellwether Housing. Ankrom Moisan Architects, Otak, Pacifica Law Group, Cascadia Equity Leasing and SCIDpda were also on the this team.

The master developer's work is still a ways off, but SHA is gearing up for its part of the project. The organization is responsible for replacing 561 70-year-old units in the public housing complex.

Construction on SHA's first phase will commence next month with the demolition of several old structures. SHA plans to replace 98 extremely low-income units and build 20 new homes.

GGLO, Miller Hayashi Architects and DKA Architecture are architects involved in the various projects of the first phase. Anderson Construction Co., Saez Consulting Engineers and GeoEngineers are also working on phase one. Spectrum Development and Calgary-based Gracorp are developing a 125-unit market-rate building as part of the first phase.

SHA will begin the second phase of construction in 2014. That involves replacing 114 extremely low-income homes and building 60 new low-income units. The extremely low income units are reserved for individuals or families making 30 percent or less of area median income — $18,500 a year for an individual or $26,400 for a family of four.

When these first two phases are complete, SHA will have replaced 212 of the 561 units. It will also build a total of 290 new units for those making less than 60 percent of area median income — approximately $37,000 for an individual and $52,800 for a family of four. SHA could spend approximately $300 million replacing the old housing stock. The rest is expected to come from private development.

Both phases are tied to grants from the U.S. Department of Housing and Urban Development. SHA received a $10.27 million grant in 2011 for the first phase and a $19.73 million grant in 2012 for the second phase. September of 2016 is the deadline for completion of the first phase and September 2019 is the deadline for the second phase.
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Old January 25th, 2013, 10:15 PM   #52
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http://www.djc.com/news/re/12048359.html

December 20, 2012

Real Estate Buzz: Touchstone buys land for office/hotel project

By NAT LEVY
Real Estate Reporter

During the holidays things usually slow down a little at work, but Touchstone Corp. has been busy this month.

The company acquired two parcels this week where it plans to build a hotel and office complex. The project was called Boren One but the name has been changed to Hill7.

Property records show the company paid a combined $13.4 million for the two pieces, which are currently Diamond Parking lots on the eastern half of the block bound by Boren and Terry avenues, and Stewart and Howell streets. Touchstone now owns all but one parcel on the half block.

A-P Hurd, vice president at Touchstone, declined to comment on the project.

Touchstone plans an 11-story office building on the northern portion of the site with 300,000 square feet of space designed for tech tenants, and a 14-story Hilton Garden Inn with 222 rooms on the southern portion. There will be underground parking for 335 vehicles.

The Seattle office of Aedas is designing the office building, and Johnson Braund is the architect for the hotel. Other team members are Swift & Co. Landscape Architects and Magnusson Klemencic.

A design review board recommended the city approve the project this month.

But Touchstone may not be done. We reported earlier this year that the company has an option to buy the Goodyear property across the street. Hurd also declined to comment on this, but Douglas Howe of Touchstone told the DJC in August: “After the first of the year, it will become apparent what we may, or may not do with the property.”

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Old January 25th, 2013, 10:17 PM   #53
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http://www.djc.com/news/ae/12045289.html

September 24, 2012

Boston-based GID to build 39-story apartment tower near Amazon HQ
By LYNN PORTER
Journal Staff Reporter

Next spring, GID of Boston plans to start building a 39-story, 355-unit apartment tower in Seattle's Denny Triangle near Amazon.com's planned new campus.

Blaine Weber, a senior principal with the project architect Weber Thompson of Seattle, said the tower at 2030 Eighth Ave. is expected to open in 2015.

It was planned as condos by Cascadia Holdings LLC, a group of local businessmen that own the site.

Weber Thompson designed that project, and then retooled it as apartments. The firm also is the interior designer and landscape architect.

The engineers are Magnusson Klemencic Associates, structural; KPFF, civil; and Rushing, MEP. Morrison Hershfield is the envelope specialist. A contractor has been selected, but not announced.

Weber said the building will be almost across the street from Amazon's planned 3 million-square-foot campus.

He said the apartments will be larger than many constructed lately in downtown Seattle or that are in the pipeline — units generally geared toward Generation Y. “This is more of an upscale project.”

The complex will have about 250 parking stalls on five levels underground and four above ground, where there will also be work studios.

It will have an expansive rooftop amenity space with a garden terrace, owners' lounge, workout facility and meeting rooms.

Weber said downtown technology workers and empty nesters will be among those targeted as renters.

With the wave of apartment construction that has hit Seattle in recent years, some analysts have predicted a bubble.

Weber said many of the projects are designed to rent at more affordable prices, but “the speculation is that there will be unmet demand for those larger units with more generous space and amenities.” He said he expects growing demand from people who want a simpler life downtown. “I predict we will have trouble keeping up with the demand for good rental housing in downtown Seattle,” he said.

Patrick Foley, a principal with Lake Union Partners Seattle, said GID has the development site under contract from Cascadia. Lake Union is a for-fee developer hired by Cascadia to get the project entitled.

Cascadia is made up of Evan McMullen, Ian Eisenberg and Shawn Dougherty.

Foley said the businessmen bought the property about 10 years ago, “and it's time to get a return on their investment.”

The site is 15,400 square feet and has an old auto showroom on it. The building was nominated for city landmark status, but was not deemed a landmark, Foley said.

He said he doesn't know the sale price for the site.

The General Investment & Development Companies (GID) are diversified investment companies, according to the company website.

Over its 52-year history, GID has developed and acquired real estate, including homes, resort condos, apartments, suburban office properties, research and development properties, flex industrial parks, limited-service hotels and historic commercial property.

GID could not be reached for comment late Friday.

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Old January 25th, 2013, 10:23 PM   #54
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815 Pine

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TIMELINE:
• Over all Construction Duration – 32 Months (August 2012 – April 2015)
• Demo Existing Concrete Structure – (August 2012)
• Shoring / Mass Excavation – (August 2012 – October 2012)
• Concrete Structure – (November 2012 – March 2014)
• Tower Crane Erected – (December 2012)
• Building Envelope – (April 2013 – March 2014)
• Interior Finishes – (June 2013 – December 2014)
• Leasing Office Complete – (September 2014)
• First Occupancy – (October 2014)
• Second Occupancy – (January 2015)
• Final Occupancy – (April 2015)
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Old January 25th, 2013, 10:26 PM   #55
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Quote:
Originally Posted by Ruffhauser View Post
From todays DJC.

http://www.djc.com/news/re/12046456.html

October 24, 2012

Schnitzer gears up for towers in both Seattle and Bellevue

The developer may start building the garages for both before landing an anchor tenant if demand seems strong.

By LYNN PORTER
Journal Staff Reporter

Developer Schnitzer West said an office building it plans at 415 106th Ave. N.E. in downtown Bellevue could be up to 22 stories and 450,000 square feet, and it may start constructing the garage before landing an anchor tenant if demand seems strong.

The firm may also start the garage for a 38-story, 750,000-square-foot office tower called Madison Centre it is developing at Fifth Avenue and Madison Street in downtown Seattle, according to Pam Hirsch, senior investment director and managing partner for Schnitzer.

The Seattle developer has used its own money to start building garages at The Bravern, Civica Office Commons and Advanta Office Commons prior to signing big leases, and that has given it a jump on the market, she said.

“You have to be pretty darn confident that (demand) is going to show up,” she said.

Dan Ivanoff, Schnitzer's managing investment partner, said a tenant is considering leasing all or part of both the Bellevue and Madison Centre projects.

“We have a tenant focused on both buildings now,” he said, but declined to name it.

The team is the same for both projects: NBBJ is the architect, DCI Engineers is the structural engineer and Sellen Construction is providing pre-construction services.

Based on the permitting time line, Schnitzer could start Madison Centre in the second quarter of next year and start the Bellevue project late that year, but has not set construction dates, Hirsch said.

The Bellevue office building will cost more than $100 million. Hirsch said it could be 16 to 22 stories and have 360,000 to 450,000 square feet. It will have 10,000 to 15,000 square feet of retail in a podium base and three underground parking stalls per 1,000 square feet. The retail may include a restaurant.

Schnitzer said the site near Bellevue Square and Downtown Park is under contract. A Bank of America branch now occupies it.

Schnitzer is one of a number of developers who have proposed office projects in downtown Bellevue.

The others include Bentall Capital (which started and then capped the parking garage for its building after the market tanked in the recession), and Beacon Capital Partners and Kemper Development Co.

Ivanoff said he thinks none of them will build without a prelease, and Beacon would also require a joint venture.

Ivanoff said the office building at 415 106th Ave. N.E. will be similar to the Civica Office Commons, also in downtown Bellevue. Civica was Schnitzer's most profitable project per square foot.

Ivanoff said the site is well located and the building will be even better than Civica, with some “incredible public space” and updated technology so tenants can do more work virtually, providing “a more robust work experience and life experience.”

Schnitzer will not joint venture on the project, like it did with The Bravern mixed-use complex it built in Bellevue. Hirsch said the size of the newest project is more manageable, and so “we don't need to leverage even further.”

The firm is in the process of launching Madison Centre formally for leasing, Ivanoff said. The project is expected to cost more than $250 million.

He said the market is strengthening in Bellevue and Seattle.

Hirsch said there's lots of demand in Bellevue, and that office vacancy should be at 9.5 percent by January. She said she expects it to be higher in downtown Seattle, where there are bigger blocks of space available overall, but not a lot of premium ones.

Ivanoff said tenants are being drawn to the urban core.
...

Quote:
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Updated plans were submitted this week for the Madison Financial Centre project if that's the current name (on 5th between Madison and Marion) address is 505 Madison
http://web1.seattle.gov/DPD/permitst...spx?id=3014759
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Old January 25th, 2013, 10:29 PM   #56
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Insignia Towers

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Old January 25th, 2013, 10:30 PM   #57
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Viktoria





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Old January 25th, 2013, 10:34 PM   #58
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Originally Posted by CrazyAboutCities View Post
New downsized development plan for 2nd & Pike

Seattle developer Urban Visions has a new, downsized plan for its half-acre parking lot at the prominent corner of Second Avenue and Pike Street.

The firm has proposed a 15-story, 325-foot building with 133,000-square-feet of office space, 20 apartments, 6,000 square feet of shops and restaurants, and 175 underground parking stalls, according to the city Department of Planning and Development’s permit database.

Urban Visions previously had proposed a 35-story, 440-foot tower — most recently apartments, and before that condos and a hotel.

http://seattletimes.com/html/busines...ndpikexml.html
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Old January 25th, 2013, 10:35 PM   #59
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Old January 25th, 2013, 11:35 PM   #60
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Excellent additions LCIII.

One could say Seattle is going through a... Sonic Boom...

I love Seattle.
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