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Old April 21st, 2015, 01:19 AM   #21
LCIII
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Developers circle Seattle high-rise development site by Amazon HQ


Marc Stiles
Staff Writer-
Puget Sound Business Journal

Antioch University President Emeritus Al Guskin made a wise decision nearly 20 years ago when he approved the university's $3.8 million purchase of an old building that squatted on what was then the outer edge of downtown Seattle.
Today Antioch's property at 2326 Sixth Ave., is next to where Amazon.com (Nasdaq: AMZN) is building a huge, four-block campus, and the appraised value of the university's Seattle real estate is now $19.4 million.
A 40-story tower can be built on the three-quarters of an acre, so when the property is sold, perhaps as soon as later this spring, it very likely will go for considerably more than the appraised value.
Ohio-based Antioch, which has operated in Seattle for 40 years, has been gearing up for about a year to cash in on the value of the property and put the money into educational programs, according to Bill Groves, Antioch's in-house general counsel. He said the Seattle campus will move to new facilities somewhere around downtown by the fall of 2016.
Groves said four or five regional, national and international developers are "in serious contention at this point" to buy the nearly half-block property on Sixth. To make it more attractive to developers, Antioch is working with the Seattle office of Via Architecture to get permits from the city so that whoever does buy the site next to the Elephant Car Wash and its landmark pink neon sign won't have to.
The plans Via drew up call for a high-rise residential/condo tower, but that doesn't mean that's what will be built. Groves said there's "enough flexibility here for things to change were [the buyer] to take over the process from us, so [the use] could very well all change."
Antioch currently has 818 students in Seattle, where it is starting a new program that could eventually add several hundred students. Antioch's current building measures 65,000 square feet, though it won't need that much space when it moves. The university is consulting with another Seattle company, Hearltand, on the sale of its property and its search for new facilities. Groves didn't know how much space the university will occupy, though he thinks it'll be more than half of what it currently has.
The new campus could be spread among different sites and could be a shared facility with other institutions Groves said. The search area covers Belltown, Pioneer Square, First Hill and Capitol Hill. Antioch wants to stay close to home because in Seattle it tends to serve people who live or work in downtown, Groves said.
He added that Heartland also is working on a national real estate strategy for Antioch, which has five other campuses spread across the country. Nationally, Antioch has more than 5,000 students.
Marc Stiles covers commercial real estate and government for the Puget Sound Business Journal.
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Old April 21st, 2015, 01:57 AM   #22
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Didn't City u have extra space in the old PI/Group Health Building?
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Old April 21st, 2015, 05:47 AM   #23
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According to a DJC article from January 2012 (maybe I posted that in the Belltown thread?) City University took 88,000 sq. ft. on the first two floors. The article didn't say anything about the 3rd floor.
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Old May 6th, 2015, 12:04 AM   #24
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http://web6.seattle.gov/dpd/edms/Get...Docs&id=362643

Things are getting kind of tense in the race between this project and the Clise proposal across the alley...
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Old May 6th, 2015, 04:28 AM   #25
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Great find as always - appreciate you sharing LCIII
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Old May 7th, 2015, 12:49 AM   #26
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It would be hilariously awesome to have 3 pairs of twin towers side by side by side...
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Old May 7th, 2015, 12:57 AM   #27
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Quote:
Originally Posted by fechang View Post
It would be hilariously awesome to have 3 pairs of twin towers side by side by side...
You'd pretty much HAVE to fly an X-wing through the canyon...
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Old May 7th, 2015, 05:53 AM   #28
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wonder why there's a question mark for height... I think it would be a 99.999% safe to put 440'.
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Old May 7th, 2015, 06:01 AM   #29
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Whoever buys the land will be in charge of that, if they choose to develop. Of course the land will probably be worth more to someone that wants to develop to the full limits, and is optimistic enough to try to do so quickly.
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Old June 2nd, 2015, 02:51 AM   #30
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Early draft of the first round design packet:

http://web6.seattle.gov/dpd/edms/Get...Docs&id=378482
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Old June 2nd, 2015, 03:08 AM   #31
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Quote:
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Early draft of the first round design packet:

http://web6.seattle.gov/dpd/edms/Get...Docs&id=378482
Whoa! These are quite the graphics!



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Old June 2nd, 2015, 03:25 AM   #32
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I think the image represents well the developers attempt to make the project seem like a smaller impact on the neighborhood to the planning board
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Old June 2nd, 2015, 03:30 AM   #33
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I think the image represents well the developers attempt to make the project seem like a smaller impact on the neighborhood to the planning board
That it does. But it also represents well the colossal number of currently U/C and planned projects in the SLU/DT/Belltown area.
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Old June 2nd, 2015, 03:34 AM   #34
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They're a bit behind the times, in that some of their "U/C" projects have been done for awhile (e.g., 4th & Denny). On the other hand, other photos from the document are up to date as of a couple of days ago.
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Old June 2nd, 2015, 05:58 AM   #35
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Quote:
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Whoa! These are quite the graphics!




That image really shows how badly the zoning height maximum needs to be increased
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Old June 2nd, 2015, 11:52 AM   #36
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All said and done, Denny and SLU would feel more like the CBD in a few years...pretty exciting!
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Old June 2nd, 2015, 01:58 PM   #37
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I didn't know there were so many towers in the application/review process. Are these graphics accurate or are some of these buildings fabricated?
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Old June 2nd, 2015, 03:32 PM   #38
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They're all accurate, except that some of the red buildings are finished and one or two of the blue buildings could arguably be red. A couple of the blue ones, e.g., Daola Tower, haven't been heard from for awhile. But they've all been proposed, and for all there exist renderings of one sort or another that are reasonably depicted in the graphics.
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Old June 2nd, 2015, 11:09 PM   #39
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Yeah, 1007 Stewart is under construction! And Cornish dorm looks too wide! And those are BUBBLES! WTF?!

Ok I geeked out too much. Those are awesome images.
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Old June 2nd, 2015, 11:22 PM   #40
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They also have the wrong proposal shown for the 4th Denny Triangle Amazon block. That's the version without an alley vacation, not the preferred and most likely version.
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