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King Country Metro Expands Bus Service through City Council Action, Amazon Funding
Starting in September, some of the most popular bus routes operated by King County Metro will experience more frequent service. More than 50 routes will receive additional 88,000 hours of service. While much of the funding comes directly from Metro, part of the expansion is due to a measure passed earlier this summer by the Seattle City […]
Seattle Symphony Will Get New, Experimental Space at Benaroya Hall
Seattle Symphony has announced the development of a new, high-tech space at their home of Benaroya Hall that will replace the previous Soundbridge Music Discovery Center. Christened the Octave 9: Raisebeck Music Center and designed by LMN Architects, the new performance venue will be created with immersion and technological advancement at the forefront. The ceiling […]
Posted in Theaters, Tourist Attractions
East Link Bellevue Tunnel Nearing Completion
According to spokespeople from Sound Transit, the East Link tunnel under Bellevue should be completed by the end of the week. The tunnel, which extends 1,985 ft, will be part of a light rail line that connects Seattle to the Eastside area, connecting Mercer Island, Bellevue and Redmond. Passengers will be able to ride this […]
Posted in Property Development
Amazon Go Announces Second, Larger Seattle Location
Amazon has announced plans for a new Amazon Go store to open in Fall of 2018 in the Madison Centre office tower. This is the first new store since the original location nestled by the Amazon Spheres open this past winter. Amazon Go is a grocery retail outlet that allows shoppers to pay for groceries […]
Posted in Mixed Use Development
Space Needle Remodel Nears Completion
For the last year, the Seattle Space Needle has been undergoing a $100 million remodeling projection designed to give even better overhead views of the city. During this time, a large workbench was mounted to its base in order to give crews better access, giving the building’s saucer a bulkier appearance. Last week, that workbench […]
Posted in Tourist Attractions
Expedia Campus Construction Reroutes Elliott Bay Trail
The Elliott Bay Trail is well-known in the Seattle biking community for its accessibility and waterfront scenery. Starting July 18 though, the trail will be temporarily rerouted onto a shared road to make way for Expedia’s new campus near Centennial Park. Part of Expedia’s plans include improvements to the trail, which should reopen as normal […]
Posted in Commercial Real Estate
Proposed Justice Center Rattles Tukwila Community
The city of Tukwila in South King County has historically been exempt from Seattle’s rise in development. Cheap rents have made the city a destination for immigrant communities, most recently from Somalia. In the last few years however, the property boom to the north has begun to travel south. This re-development wave can be seen […]
Posted in Property Development
Housing App Partners with Four Major Developers
HomeShare, an online platform that matches would-be roomates, has just announced major partnerships with four of the nations largest apartment developers, including Equity Residential, Greystar, Sares-Regis and Fairfield Residential. The app is currently available in five of the country’s priciest real estate markets, serving Seattle, New York, Silicon Valley, San Francisco, and most recently Los Angeles. […]
Posted in Residential Property
Amazon-Occupied 202 Westlake Building Sells for $129.5 Million
Last week, GLL Real Estate Partners sold the 202 Westlake Building in South Lake Union for $129.5 million to La Salle Investment Partners. The sale of the Amazon-tenanted building marks a new record in price-per-square foot of Seattle office space at a whopping $996/SF. That record was previously set by the sale of the same […]
Posted in Commercial Real Estate, Office Buildings, Uncategorized
Seattle City Council Approves Resolution For Local Improvement District
On Monday, the Seattle City Council approved a resolution to create a local improvement district (LID) along the downtown waterfront by collecting $200 million from nearby property owners. Washington state law allows cities to raise money for LIDs by taxing the property owners who stand to benefit the most. The proposed district would extend from […]
Posted in Parks, Property Development
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