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Whiskey Tango Foxtrot
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Developer aims for four towers on Fairview parcels

A Canadian high-rise developer may construct up to 2 million square feet of residential space across the street from Amazon.com’s world headquarters in South Lake Union.

By Sanjay Bhatt
Seattle Times business reporter


A Canadian high-rise developer may construct up to 2 million square feet of residential space across the street from Amazon.com’s world headquarters, taking advantage of new height limits in the South Lake Union area.

In documents filed recently with the city, Vancouver-based Onni Group describes plans to build four residential towers on two full city blocks it is buying from The Seattle Times Co.

City rules allow building heights up to 240 feet on one block and up to 400 feet on another. In residential towers, each floor is typically about 10 feet high.

In July, Onni bought the block at Fairview Avenue North and Denny Way for $33.5 million. The company also is expected to close this month on the adjacent block north of John Street for $29 million.

An Onni executive didn’t respond to requests for comment.

Preliminary site plans call for about two-thirds of each block being developed, with walkways mid-block leading to central, publicly accessible courtyards.

On each block, two residential towers would rise above a “podium” between 45 feet and 65 feet in height. It’s unclear whether the podium will be primarily for retail or other uses. The documents also indicate there will be below-grade parking.

John Street would be lined with retail shops totaling about 18,000 square feet on each block, the documents indicate.

While the site plans don’t say how tall the towers might be, a preliminary application filed with the city says the project “will take advantage of height bonuses through affordable housing,” among other things.

In an interview this summer, Onni Group’s Executive Vice President Chris Evans said the project was his company’s first entry into the Seattle market. Most of Onni’s other residential projects are high-rise towers in major cities.

The preliminary documents don’t give any indication of Onni’s timeline for the project.

Other developers said the mega-project would almost surely be carried out in at least two, if not more, phases.

Via6, a 654-unit development opened last spring on a half block in the Denny Triangle, was one of the largest ever to open in Seattle in a single phase, said Matt Griffin, managing partner of developer Pine Street Group. It consists of two 24-story towers on a podium, Griffin said.

Sanjay Bhatt: 206-464-3103 or [email protected] On Twitter @sbhatt

1120 Denny/1120 John

















 

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Whiskey Tango Foxtrot
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Journeyman
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The first block has been underway for a couple months, with 1,179 units (kind of units isn't clear). This is the taller block. They're keeping the privately-owned park on the corner because the City wanted them to.

The deal for the park will let the north towers be taller than otherwise allowed. But they're at least hedging their bets due to the potential for overbuilding apartments...an office alternative is coming out too.

More: http://www.skyscrapercity.com/showthread.php?t=1668296&page=27

Along with the Holland project a couple blocks west which is maybe 12 stories up right now, these are the first three 40-story apartments north of Denny Way.
 
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