Commercial Real Estate

 

SeaTac Airport to Close Over a Dozen Restaurants

As part of its current renovations, SeaTac Airport has announced closures of over a dozen of its current eateries. Chief among the cuts is the airport location of regional seafood chain Anthony’s restaurants, which according to The Seattle Times has been one of the highest-grossing sit-down airport restaurants nationwide since its opening 14 years ago. Most […]
Posted in Restaurants

Iconic Beth’s Cafe Property Goes on Market

The Green Lake property that includes the iconic diner Beth’s Cafe has been listed for sale on Redfin. The land, which covers 7307 to 7323 Aurora Avenue N, also currently includes Duck Island Ale House (owned by the same entity as the cafe) and a lawnmower store. The 15,280 square foot plot is currently listed at $6 […]

Seattle Mayor Makes New Pitch for Waterfront Funding

On Thursday, Seattle Mayor Jenny Durkan unveiled a new proposal for waterfront development, including a $160 million local improvement district tax (LID). The proposed tax is down 20% from a previously suggested $200 million on waterfront commercial and residential property owners. The final project will likely total $700 million and include parks, bike lanes, a […]

Portland Company Buys Historic Rainier Brewery Property

ScanlanKemperBard (SKB), a Portland-based real estate company, has expanded its Seattle holdings by purchasing the Original Rainier Brewery, a historic facility in the industrial Georgetown neighborhood. The 187,477 square feet mixed-use property consists of four brick-and-timber structures that date back to the early 1900s, and was declared a historic landmark in 1993. The property was refurbished […]

Hyatt Regency Behemoth Opens Downtown

Last week, Seattle’s new Hyatt Regency Hotel opened on the north side of downtown near the site of the planned Washington State Convention Center addition. At 500 ft, 45 stories and 1,264 guest rooms (complete with floor-to-celing windows), it is now the largest hotel in the Northwest region. The design by LMN architects features 103,000 square […]

Seattle Center Arena Secures NHL Franchise

Last week, the National Hockey League’s Board of Governors approved Seattle as the 32nd NHL franchise. While the city has long had plans for renovating Key Arena, now re-branded as the Seattle Center Arena, demolition was on hold until the NHL franchise became official. Seattle has not had a major hockey team since the Seattle […]

I-5 Lid Study Secures Funding

Currently, Interstate-5 acts as a foreboding barrier running through downtown, both for pedestrian traffic and business expansion. While the roadway is already capped in part by Freeway Park, a far more ambitious lidding project may be on the horizon. The group LID I-5 has long pushed for such a development, and last year $1.5 million […]

Modular Hotel Comes to South Lake Union

Modular buildings, which are fabricated in pieces offsite before being assembled onsite, have long been touted as affordable and sustainable alternatives in housing construction. But now larger buildings are getting the pre-fab treatment as well. Last week, Dutch hotel chain Citizen M began stacking up its latest building in South Lake Union. CitizenM constructs its […]

First Hill Gets First West Seattle Whole Foods

After many delays and a long wait, the Whole Foods in the recently completed Danforth building in the First Hill neighborhood will open on October 30. The 40,000 sq ft store will include a bakery, butcher department, self-squeeze orange juice, an espresso bar, and a fast-casual restaurant with beer and cider on tap. This location […]

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 […]
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