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Seeds of Gentrification Taking Root Along Elliott Avenue

SEATTLE, WA-Immunex Corp., Triad Development and Staples are all staking claims along the road as it parallels the Puget Sound north out of Downtown on its way to the Magnolia neighborhood and then Ballard.

By Janet Parker | Updated on December 05, 2000

SEATTLE, WA-A revival of waterfront properties is underway along Elliott Avenue north of this city’s Downtown. One of the largest projects on track for the so-called Interbay area is Immunex Corp.’s campus on a 29-acre parcel near Elliott Avenue and Galer Street. As well, Triad Development has been acquiring small commercial properties at the corner of 15th Ave. West and West Blaine Street, and a Staples is planning to take over the former Funplex building adjacent the Magnolia Bridge.

The Immunex Research & Development Center will contain 1.1 million sf of usable space, into which it will consolidate its headquarters, R&D and other Seattle operations. To facilitate access to the biopharmaceutical company’s new complex, the city recently approved plans to build a new overpass spanning Elliott Avenue and adjacent railroad tracks. The company expects to break ground on the project sometime in the first quarter of 2001.

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