daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > Highrises > Proposed Highrises

Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Thread Tools
Old April 8th, 2015, 05:11 PM   #1
Registered User
Join Date: Jun 2011
Location: Live in NYC, heart in Seattle
Posts: 7,712
Likes (Received): 2713

SEATTLE | 1925 3rd Ave. | 133m | 440 ft | 40 fl | Pro

Development deja vu: Selig plans another high-rise project in downtown Seattle
Apr 8, 2015, 6:31am PDT

Marc Stiles
Staff Writer-
Puget Sound Business Journal

In February, Martin Selig Real Estate quietly paid $6.5 million for a small Seattle parking garage on Third Avenue across the street from Bed Bath & Beyond.
Selig declined to talk about it until Tuesday, when he said he is paying $7.5 million for the 101-year-old building just south of the garage. His plan: build an office/apartment tower up to 440 feet tall on the property at the southwest corner of Third Avenue and Virginia Street.
If this sounds familiar, that's because it is. Selig is in the early stages of developing a similar project one block to the north at Third and Lenora.
Martin Selig, one of the last of Seattle's independent developers, is on a tear. On Monday, he said his company was the winning bidder of downtown Seattle's former Federal Reserve Bank branch at 1015 Second Ave. He is rehabbing the historic building, which he acquired for $16 million, into office space.
If those projects weren't enough, he's got big office projects planned on Lower Queen Anne and Ballard, and a high-end apartment project by the Olympic Sculpture Park.
"I'm having a good time," Selig said.
He's in the early stages of working with the Seattle office of architecture firm Perkins + Will on plans for his newly acquired property across from Bed Bath & Beyond. He thinks the project will have 150,000 square feet on the bottom floors and a yet to-be-determined number of apartments above. The timing of the project has not been determined.
The price that Selig paid for the Third and Virginia land works out to $1,080 a square foot. That's $211 a foot more than his company paid for the Third and Lenora property. It's not anywhere near a record, though. In January, a Taiwanese company paid $1,597 a foot for a property at 2011 Fifth Ave.

Last edited by desertpunk; November 27th, 2015 at 10:15 AM.
LCIII no está en línea   Reply With Quote

Sponsored Links


1925 3rd ave., seattle

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity

All times are GMT +2. The time now is 09:50 PM.

Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu