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From todays DJC.

http://www.djc.com/news/re/12075174.html

March 2, 2015

Two 40-story towers eyed for Minor Ave.
By JOURNAL STAFF

Crescent Heights Inspirational Living from Miami is looking at putting two 40-story apartment towers on the west side of Minor Avenue, between Virginia and Stewart streets in the Denny Triangle.

Last September, the company bought four parcels that make up almost half a block. It was unclear at the time what the company wanted to do with the land.

Crescent Heights recently told the DJC it is deciding on the “most appropriate plans.”

Crescent Heights has built high-rise apartments, condos, office projects and hotels in major coastal cities, and has offices in Miami, Chicago, New York, Los Angeles and San Francisco.

City records show Crescent Heights is considering two possible options: one would have 654 housing units and 15,000 square feet of retail; the other would have 880 units and 21,000 square feet of retail.

There would be five levels of underground parking.

The smaller project would be built on the four parcels that Crescent Heights bought last year.

The larger project would cover the entire half block. The city owns a parcel on the northern edge of the half block and Crescent Heights would have to acquire it to do the larger project.

Gensler is working with Crescent Heights on the project.

In a statement to the DJC, Crescent Heights said it is “committed to creating a project that embraces the neighborhood and its evolution while meeting the standard of creativity and forward thinking that is the hallmark of our urban residential work.”

Crescent Heights is one of several companies that are either planning or constructing high-rise housing projects in the Denny Triangle.

GID Development Group is working on two 41-story apartment projects on Lenora with a total of 751 units.

Security Properties recently started a 41-story tower with 356 units at 1823 Minor Ave.

Touchstone Corp. is planning a 37-story, 410-unit residential tower at 1812 Boren Ave. as part of the Tilt 49 complex.

Clise Properties is working on two high-rise towers with 900 housing units on Seventh Avenue between Bell and Battery streets. Clise is also planning a 39-story residential tower with 450 units at 2202 Eighth Ave.

Laconia Development wants to start construction late this year on a 43-story apartment tower with 400 units at 600 Wall St.

Douglaston Development of New York and Stanford Hotels Corp. of San Francisco are both planning 50-story mixed-use projects along Fifth Avenue with hotels and housing.

One of the first high-rise projects in the neighborhood was Bosa Development's twin 41-story condo towers. The 707-unit complex, Insignia, is under construction and the first building is expected to open this year. The other building should be done next year.

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From todays DJC.

http://www.djc.com/news/ae/12076001.html?cgi=yes

March 26, 2015

This is Crescent Heights' smaller option: 39-story twin towers
By JOURNAL STAFF

A Miami developer called Crescent Heights Inspirational Living has filed preliminary plans with the city of Seattle for a pair of 39-story apartment towers at 1901 Minor Ave. in the Denny Triangle.

The site is on the west side of Minor Avenue, between Virginia and Stewart streets.

Gensler is the architect.

The plans just filed show the smaller of two proposals the developer is considering. Crescent Heights is trying to acquire a 14,400-square-foot city-owned parcel at the north end of the block that is could use to build a larger complex.

The smaller proposal calls for two 39-story towers containing about 600 apartments. The towers would share a podium, including three levels of below-grade parking for 458 vehicles.

Retail would total 8,700 square feet.

The image here is a massing study that shows the approximate size and volume of the project, but not the final design.

A city design-review board will have its first look at the plans during a meeting tentatively scheduled for 5:30 pm. June 2 in Seattle City Hall, Room L280.

The larger proposal would be two 40-story towers with 880 units, retail and five levels of underground parking. While the smaller project would not have residential units in the podium, the larger project would.

Minutes from a meeting last week with the architect, developer and city planners note the design team was encouraged by planners to work with structural engineer Magnusson Klemencic Associates to add some pizazz to the design.

“Dramatic design is encouraged in Denny Triangle,” the minutes say. “Most projects proposed there tend to be very basic and boxlike, with little relief.”

A design guidance meeting for the larger proposal is likely to be scheduled for a later date.

The towers would have 600 apartments, and share a podium and below-grade parking.
 

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That outfit knows what it's doing. When they say they're going to build, they do. They also pay attention to design most of the time, so this could be a great addition. With 64,000 drivers licenses being issued to immigrants from other states/nations over the past 12 months, and 8,300 new housing units in the city over the same period, it would appear demand justifies a "quick" start.
 

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Build high Seattle!
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we sure do love the number 400 and 440 in this town... love the density shown on page 15 of 34 of that design pack, but wish there was some variations in height.
 

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Journeyman
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Our height limits are tight, and there's extremely limited land to build highrises. So everything goes to the limit.
 

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Purdue U. / Marquette U.
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With 64,000 drivers licenses being issued to immigrants from other states/nations over the past 12 months, and 8,300 new housing units in the city over the same period, ...
One quick thing about that stat, it omits how many people left the county. For instance, 64,000 people could have moved in, while 60,000 people could have moved out, etc. I know that's not the case, but just using 60k as an example.
 
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Fingers crossed they can acquire the last lot on this half block to pursue the larger project. Sounds like it could be quite interesting:

"The larger project has more flexibility in design and programming because there is more site area to fit all programmatic content onto. Garry Papers encouraged the project team to explore tower shaping and work with MKA, such as large cantilever projects being done in Holland, as there is amazing design work being done and dramatic design is encouraged in Denny Triangle as so far as most projects proposed there tend to be very basic and boxlike with little relief.
DPD also encouraged the team to fully analyze the context and approach this project with an urban design proposition. The neighborhood is being created with a minimal Urban Design Framework. CH team should try to do some urban design, streetscape and public space enhancement as it relates to our project."
 

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Discussion Starter #10


OK...bear with me. If you look very closely at the transparent model on the table next to the wood model of downtown you see a two tower project with an overhang that appears to match the site plan uploaded in the city system for the larger project. Sneak peek? Maybe...
 

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One quick thing about that stat, it omits how many people left the county. For instance, 64,000 people could have moved in, while 60,000 people could have moved out, etc. I know that's not the case, but just using 60k as an example.
Yes, good point. I was being lazy. Seattle's ranking as fastest-growing big city also figures into this. Seattle added a net of nearly 18,000 residents in the one-year period, from mid-july 2012-2013, and was estimated to increase its net population by 1.3% this year, according to Forbes. That would be...about 8,300 more people in 2015. King County added 56,000 net jobs from 2013-2014, Amazon's job-growth plans are amazing, all signals and stats that I'm sure Crescent Heights is well aware of.
 

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It'll be interesting to see the same numbers for 7/1/15. This place is going nuts, in a mostly good way.

Further, because our economic boom is Downtown-centered, I'm optimistic for housing in the greater Downtown area. At one point we seemed heavily reliant on Amazon to keep the boom going, but the inflow of national tech offices (and growth among local firms) is getting pretty epic. And if Amazon faltered the other companies would consider that an opportunity to suck people up by the thousands overnight, or soon after.
 

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Yes, good point. I was being lazy. Seattle's ranking as fastest-growing big city also figures into this. Seattle added a net of nearly 18,000 residents in the one-year period, from mid-july 2012-2013, and was estimated to increase its net population by 1.3% this year, according to Forbes. That would be...about 8,300 more people in 2015. King County added 56,000 net jobs from 2013-2014, Amazon's job-growth plans are amazing, all signals and stats that I'm sure Crescent Heights is well aware of.
King County added 33k residents between July 2013- July 2014. I'm guessing at least half were in Seattle. But one must be cautious about city/town level estimates- they tend to be much less accurate than state/county level ones because they take into account far fewer variables in their methodology.

Either way, it seems like the fundamentals (Amazon's growth) of this boom remain strong, so hopefully we'll see it continue well past 2015/2016.
 

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"Mayor Murray asked the committee to develop specific proposals that will allow the building and preservation of 50,000 housing units over in the next 10 years within the city limits."

Taking him literally, does that mean he's planning on destroying the other ~200k units in Seattle?
 
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