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Martin Selig Real Estate on Tuesday unveiled early plans for a 440-foot-tall residential and office tower in downtown Seattle on a quarter block that the company bought last week.

The Seattle-based company paid nearly $16.9 million for the property at the northwest corner of Third Avenue and Lenora Street. Currently on the site are the Jewish Federation of Greater Seattle and two small commercial buildings.

Martin Selig, one of the city's most prolific commercial real estate developers, said the approximately 210,000 square feet of office will be at the base of the 36-story building with around 140 high-end apartments above. There will be two entrances, with people accessing the office space via Third Avenue and residents and their guests entering from Lenora. It will have five floors of underground parking.

The project timeline has not been set.

"I closed on the ground last Monday," Selig said, explaining it's early. The development team will start meeting with city officials in the coming weeks to set the schedule for the design review process. Perkins + Will is the architect, and Lease Crutcher Lewis the general contractor for the project that will cost around $150 million to construct.


Selig, who owns 19 office properties in downtown and the Lower Queen Anne neighborhood, said he's moving ahead with this and other projects because his nearly 3.5 million-square-foot portfolio is essentially full. The largest block of vacant space is around 50,000 square feet at the 645 Elliott building on the Seattle waterfront, and Selig said a lease "is pretty well signed." He declined to name the tenants.

In addition, Selig is planning a nearly 185,000-square-foot office project in Lower Queen Anne, and he is proposing some projects in Ballard.

The Third and Lenora development is Selig's second project with a residential use. He's also planning a 12-story luxury apartment building by Seattle's Olympic Sculpture Park.

For the Third and Lenora land, Selig paid the Jewish Federation nearly $8.5 million for its building, according to public records. Limited liability companies related to TRF Pacific of Seattle sold the other two parcels to Selig for a total of nearly $8.5 million. The total price per square foot for the land works out to $869. Some commercial developers have paid more than $1,000 a foot for land recently.
 

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From todays DJC.

http://www.djc.com/news/re/12071191.html

October 24, 2014

Selig pays $17M for Belltown site
By JOURNAL STAFF

SEATTLE — An entity related to Martin Selig Real Estate paid $16.9 million for three parcels at Third Avenue and Lenora Street where it is planning an office and residential high rise.

Preliminary plans show the project could be 31 stories with 158 units and 291,000-square feet of office and retail space.

Earlier this month the DJC reported on the Belltown tower and several other projects Selig is planning in Seattle.

At Third and Battery, the company has dusted off plans for a three-story, 85,000-square-foot office building on a site that is now a parking lot. Selig started to develop the project before the recession, but shelved it because of the economy.

In Ballard at 15th Avenue Northwest and Northwest Market Street, Selig is planning an office building with about 200,000 square feet.

Selig already has two projects in the pipeline: 100 apartments near Olympic Sculpture Park and a 153,000-square-foot office building in the Uptown area of Queen Anne.

All these projects total more than 1 million square feet and are set to open in 2016 and 2017.
Ill put this here too.
 

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I love this look! The top reminds me of one of the many plans and renderings for Columbus Circle. I like the Selig look. Black, dark, colder. Love the color of each rendering.
 

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From todays DJC.

http://www.djc.com/news/re/12071476.html

November 3, 2014

A look at Selig's Belltown tower
By JOURNAL STAFF

Martin Selig Real Estate has released images for the 440-foot tower it is planning at Third and Lenora in Belltown.

It is shown here on the left with a red light on the side.

The design is evolving but current plans are for a 36-story tower with 272,100 square feet of office space, 143 housing units and 250 parking spaces.

A “sky terrace level” is planned for the mid section of the tower with a conference center and outdoor deck.

Selig recently paid $16.9 million for the site.

Last month the DJC reported on the Belltown tower and several other projects Selig is planning here.

The company has dusted off plans for a three-story, 85,000-square-foot office building at Third and Battery where there is now a parking lot. Selig started to develop the project before the recession but shelved it because of the economy.

In Ballard at 15th Avenue Northwest and Northwest Market Street Selig is planning an office building with about 205,000 square feet.

Selig already has two projects in the pipeline: 100 apartments near Olympic Sculpture Park and a 184,000-square-foot office building at Third and Harrison.

Together these projects total more than 1 million square feet, and are set to be completed 2016 and 2017.

Perkins + Will is designing all of Selig's new buildings. Lease Crutcher Lewis is the general contractor, and KPFF Consulting Engineers is structural engineer.

 

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Design Review, Early Design Guidance meeting for a 31 story, 150 unit residential building with ground floor retail. Parking for 250 vehicles will be located below grade. Existing structures to be demolished.

Design review scheduled for Jan 6, 2015
 
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