Commercial Real Estate
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
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
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
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
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
The Collective Re-Invents the Private Club for Millenials
Traditionally, private clubs for business types have been perched on the top of skyscrapers or nestled on golf-courses out in the burbs. But a new trend is developing in which urban ground-level space is becoming the new elite hangout. ClubCorp’s The Collective in Southlake Union is pioneering this trend. Located at the Juno Building, half of […]
Posted in Mixed Use Development
New Nordic Museum Opens in Ballard
Since 1980, the Nordic Heritage Museum has operated out of a schoolhouse in Ballard, a neighborhood historically influenced by Scandinavian immigration early in its history. Now the re-christened Nordic Museum has moved to a new 57,000 sq ft facility, which officially opened to the public on Saturday. The new building designed by Mithun is evocative of […]
Posted in Tourist Attractions
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