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Old January 24th, 2016, 10:00 AM   #1
desertpunk
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SEATTLE | 1015 Second Ave. | 202m | 664ft | 47 fl | Pro






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Quote:
Originally Posted by LCIII View Post
http://www.seattletimes.com/business...eral-building/

Seattle developer Martin Selig has filed a plan for crowning downtown’s old Federal Reserve Building with a 31-story office tower.

By Sanjay Bhatt
Seattle Times business reporter

Local developer Martin Selig may have found a way to make a silk purse out of a sow’s ear.

The legendary 78-year-old developer picked up the former Federal Reserve Building at 1015 Second Ave. for just $16 million in a government auction earlier this year.

The prime half-block property, once considered by Seattle Public Schools as a downtown school site, drew just eight bidders when auctioned by the federal government in February because the landmarked property would be costly to rehabilitate and can’t be demolished to clear the way for a new skyscraper.

Selig, who built the 76-story Columbia Center, the city’s tallest skyscraper, isn’t deterred. He has filed plans with the city to build a 31-story addition above the old building, separated from the bunkerlike 1950 structure by a 36-foot-tall plaza he calls a “winter garden.”

“If we can build a 76-story one, this one will be easy,” Selig said in an interview Monday.


The entire 533,000-square-foot office tower will rise to a height of about 470 feet, Selig said. He hopes to start construction in the second quarter of next year.

The Cold War-era building has been vacant since 2008, when the Seattle branch of the Federal Reserve Bank of San Francisco moved to a new Renton campus. A series of efforts to give the old building a new identity failed, culminating in its being put up for auction.

Selig, who declined to say how much his project could cost, has initial buy-in from state officials.

The building’s four-story exterior and main elevator lobby are landmarked. The two-story vault underground and teller lobby, which aren’t landmarked, also can’t be remodeled without state permission.

Greg Griffith, deputy state historic-preservation officer, said officials have “approved the concepts as meeting the spirit of the preservation covenant.”

But the state needs to review the details of how the building’s historically protected features would be taken apart and put back together before the alterations are approved, Griffith said.

Under Selig’s plan, the old building’s floors will be removed. Historical elements will be carted off to storage and put back in the building later.

Erik Mott, one of the architects at Perkins+Will working with Selig on the project, said a new foundation will be installed for a new superstructure that will support the office addition.

The old building’s exterior walls will be braced temporarily during construction, much as was done for the landmarked brick facade of the Troy Laundry building in South Lake Union, to accommodate a large office project now under construction.

Structural engineers at KPFF and contractor Lease Crutcher Lewis are part of the team that is working on a plan to preserve the downtown building’s exterior walls while constructing the new office tower, Selig said.

Once the structure is completed, the public will be able to enter the historic lobby, ride the landmarked elevators to the fifth floor and step out into a glass-encased lobby. Early renderings show visitors on a planted terrace.

Office tenants will step into new elevator banks to enter the 31-story addition, Selig said. He said alteration of the building’s roof was allowed because it’s not deemed historic. “You have to make sure that the historic building is what stands out, and you do not want to compete with it,” Selig said.

The developer said he has already leased 51,000 square feet of office space in the old building but wouldn’t identify the tenant.

The two stories below grade will be gutted. That space houses an enclosed pistol range, 23 parking spaces and a two-story vault that once stored piles of cash.

The pistol range is “full of lead,” Selig said, so it has been sealed off and will be cleaned up by crews removing asbestos from the building.

The huge doors to the vault “will become sculptures of some kind,” he said, perhaps outside the building on Second Avenue.

[..]
Original highrise scheme:
[img]http://***************/view/img/6616482/federal-reserve-image.jpg[/img]

[img]http://***************/view/img/6616492/screen-shot-2015-08-03-at-42604-pm.png[/img]
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Old January 24th, 2016, 10:01 AM   #2
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10/22

Quote:
Originally Posted by LCIII View Post
God, I love this man. I hope he lives forever.

"Selig picked up the former Federal Reserve Building at 1015 Second Ave. in a government auction earlier this year and had proposed to develop a new 31-story office tower above it. Now, Selig said his firm is considering putting apartments on top of the offices so he can build higher."


http://www.seattletimes.com/business...opment-frenzy/
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Old January 24th, 2016, 10:02 AM   #3
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11/05

Quote:
Originally Posted by LCIII View Post
Up from 31-stories to 36 with the addition of 128 residential units.

Design Review Early Design Guidance application proposing a 36-story tower above an existing structure (former Federal Reserve Bank Building) containing 128 residential units and 545,000 sq. ft. of commercial with below grade parking for 250 vehicles.
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Old January 24th, 2016, 10:03 AM   #4
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12/04

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Originally Posted by CityView Jim View Post
OK, here's the first round of design:

http://www.seattle.gov/dpd/AppDocs/G...endaID5679.pdf

I guess it's OK (And also just under 666 feet!).



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Old January 24th, 2016, 10:07 AM   #5
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12/09

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Originally Posted by Ruffhauser View Post
From todays DJC.

http://www.djc.com/news/re/12084346.html

December 9, 2015

Selig wants to add 12 floors of housing to tower above former Fed building
By JOURNAL STAFF

Martin Selig Real Estate has updated its plans for the former Federal Reserve Building at 1015 Second Ave. in downtown Seattle, and wants to add 12 stories of housing to the office tower it originally proposed in August.

The 664-foot structure would have a total of 48 stories, including the original four-story Federal Reserve Building, which is listed on the National Register of Historic Places.

The new construction would consist of 540,000 square feet of office space on 32 levels, 192 residential units on 12 levels and 20,000 square feet of public space. Five levels of underground parking would hold 250 vehicles.

Perkins+Will is the architect. Lease Crutcher Lewis is the general contractor, and KPFF Consulting Engineers is the structural engineer.

A Seattle design review board will get its first look at the proposal at 7 p.m. Dec. 15 at Seattle City Hall, Room L280.

The 90,000-square-foot Federal Reserve Building was completed in 1950, and designed by Bill Bain Sr., founder of NBBJ in Seattle. The limestone-clad building has been vacant since 2008, and has remained mostly unchanged.

A 40-foot-tall terrace on the roof of the historic building would serve as a visual separation between the older structure and the curving glass tower above.

Selig acquired the Federal Reserve Building for $16 million in an auction earlier this year. A deal to sell the property to Sabey Corp. for $19.75 million fell apart in 2008 after a preservation group filed a lawsuit.

The design proposal filed with the city said landmark status for the building was denied in 2008, but is under consideration again. The Washington State Department of Historic Places is also reviewing the proposal.


The 664-foot structure would have a total of 48 stories, including the original four-story Federal Reserve Building.

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