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Spokane Tries to Lure Weary Seattleites
The City of Spokane has launched a $450,000 marketing campaign specifically targeted at Seattle residents and businesses that have grown tired of high traffic and high prices. Dubbed #Hacking Washington, the campaign features slogans such as “Welcome to the 12-minute commute” and “You used to think you could have it all in Washington. We still […]
Posted in Seattle
Seattle on the Lookout for Tiny Arts Spaces
What can you do with 400 sq ft of space? That is the question the Seattle Office of Arts & Culture is asking. The department recently released a request for cultural space concepts that can fit within a one-story 400 sq ft structure (or three 120 sq ft structures if you’re feeling particularly adventurous). Suggestions provided […]
Posted in Parks
Key Arena Redevelopment Moves Forward After City Council Vote
At Monday’s meeting, the Seattle City Council voted 8-0 to approve city agreements that will allow redevelopment of Key Arena to move forward. Demolition can begin on the arena after an NHL franchise is secured, which might occur later this year. The $700 million plan involves digging below the surface to expand the arena without […]
Posted in Tourist Attractions
Renton Warehouse Sale Indicative of Growing Value of Industrial Buildings
A warehouse site located on 3002 Lind Ave in Renton, WA was recently purchased by LBA Realty LLC for an impressive $11.3 million. The site, previously owned by Lind Ave LLC, had drawn attention from investors from far and wide. The sale is indicative of the trending value both in storage space nationwide and industrial space […]
Posted in Commercial Property Investments
Downtown Seattle Construction on Rise After Winter Dip
According to a recent report from the Downtown Seattle Association, the summer of 2018 saw a rise in number of Central Seattle construction projects, with 65 active developments compared to the 57 seen last winter. Though this number is above the historical average, it falls short of the peak construction seen in the summer of […]
Posted in Property Development, Seattle
Coworking Space to Triple Nationally within Next Decade
According to a recent report from Cushman & Wakefield, the amount of office space devoted to coworking facilities could triple over the next ten years. Currently, coworking space occupies a mere 1% of total office space nationwide, but this could rise to as high as 5% by 2028, and even 10% in some markets. New York […]
Posted in Commercial Real Estate
Vector to Build $45M Industrial Center in Convington
Vector Development has announced plans for Soos Creek Business Park, a $45 million distribution and self-storage facility in the King County suburb of Covington. The business park will feature two 130,000 sq ft industrial buildings as well as a 122,000 sq ft self-storage facility with 950 units. SynThesis has been reported as the architect for […]
Posted in Property Development
Google Announces Extension of Seattle Campus
Last week, Vulcan Real Estate, founded by Microsoft pioneer Paul Allen, announced plans for the extension of the in-progress Google campus in South Lake Union, a neighborhood currently dominated by Amazon. The new plans will extend the campus, currently under construction, to a third block, likely adding another 322,000 sq ft to the currently 607,000 […]
Posted in Office Buildings
Music Community Rallies to Add Showbox to Pike Place Market Historic District
After nearly eight decades in operation, the future of the Showbox, a music venue near Pike Place Market, is uncertain. In late July, news broke out that developer Onni Corp had filed permits to build an apartment building on the site. In the following weeks, musicians and preservationists alike have signed petitions to give the […]
Posted in Theaters
Solterra Announces Condos for Capitol Hill
Since 2016, Solterra have been preparing a site at 13th and Pike for development. Now, the developer has revealed that the new building will consist primarily of condominiums for purchase. While many apartments for rent in the area advertise as “condos,” this project will be the first true new condominiums in the neighborhood in over […]
Posted in Mixed Use Development, Residential Property
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