Seattle Office Space News – February, 2013

Below are comments and links to news articles and other topics Newsrelevant to the Seattle office space market from the month of February 2013.

SOUTH LAKE UNION

As usual, Amazon’s plans for their 3.3 million square foot development was in the news.  This article provides more detail about the vision of the project being a neighborhood rather than a campus.  Here is an article indicating some of the materials that would be needed for this project.

Vulcan real estate was offering Block 59 to the city of Seattle in exchange for a rezoning in South Lake Union that will allow them to build 80 feet taller than would normally be allowed for their Mercer blocks project.  It was later reported that Vulcan and the city tabled the proposal.  The Seattle City Council wants shorter towers.  Regardless, Vulcan has big plans for the neighborhood.

 

In separate news, Vulcan applied for permits to develop three blocks near Lake Union Park.

Also, the city of Seattle approved Vulcan’s early design of a 12 story 302,000 square foot office tower at 325 9th Ave N

Equity Office Properties is also making efforts to lobby for a rezone of the South Lake Union area for their proposed 825,000 square foot mixed use project called Westlake Steps.

NEW OFFICE PROJECTS

SLS Hotel was announced as the partner with Daniels Development for the hotel portion of the planned mixed use development project at 5th & Columbia that will include over 500,000 square feet of office

R.C. Hedreen revealed plans to build two large towers between Stewart and Olive that will include several uses including roughly 340,000 square feet of office space.

Schnitzer made a slight adjustment to their plans for the 750,000 5th & Madison office development calling for 36 rather than 38 stories.

Urban Visions filed a proposal with the city to build a 27 story mixed use building that will include residential, retail and 133,500 square feet of office.

OFFICE SALES

Unico Properties bought the Logan Building and the South Arcade retail site in downtown Seattle for $37.5 Million from the Mack family of Connecticut.

The Dexter Horton building has been tied up by Gerder Edlen out of Portand.

 

OFFICE LEASES

Amazon leased at least 5 floors at 1800 9th as the online retail giant continues to expand their real estate footprint in Seattle.

Rumors continue to spread that Zulily will be moving to the Seattle Trade & Technology center and taking over most if not all of the 335,515 square foot building currently occupied by Real Networks.

Thinkspace, the co-working office space sharing company, recently opened a Fremont location.

OTHER NEWS

Once the viaduct comes down, the Seattle waterfront along Elliot Bay will see drastic changes.  This article provides more detail on proposed plans for the expansion of Pike Place Market and the Seattle Aquarium, the potential for a waterfront street car and how it would all be funded.

This article summarizes that Seattle ranked 3rd in 2012 for office sales volume behind only San Francisco and New York.

More designs for Seattle’s proposed NBA and NHL arena in SODO revealed how neighboring real estate could be affected.  These designs are in response to public critique of the original proposal.  Also, a judge ruled against the longshore workers union who is trying to curb the arena development.

The Bullitt Foundation has been nationally recognized for environmentally responsible development of their 50,000 square foot headquarters in Capitol Hill.

Finally, here is an article providing insight into plans for gondola transit through Seattle.

Advertisements
This entry was posted in News. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s