Fortune's vice president of development Andy Loos tells GlobeSt the two projects will add 141 residential units and 6,800 sf of commercial space to the area if plans pan out in their current form. Loos is scheduled to meet with Seattle's Design Review Board on the 20th for early design guidance. If all goes according to Fortune's timetable, the properties will break ground in the spring of 2002.

The larger of the two projects will sit upon 15,468 sf at 159 Denny Way, a site currently used as surface parking. Loos says the new building will begin with two floors of below-grade parking. The ground floor will be comprised of about 6,800 sf of commercial space, which could go either office or retail. Above that will rest five floors of wood frame with 84 residential units. The apartments will be a mix of one- and two-bedrooms and some studios. Loos expects the structure to run about 100,000 sf.

A smaller building is on tap for a 5,787-sf lot at 3010 First Ave. The land currently contains a vacant 3,170-sf office building that will be razed prior to construction. Fortune's preliminary vision for this property is 28,000 sf with 57 units of "more affordable housing" of the studio and efficiency variety. As with the first project, this property will have one floor of commercial with five wood-frame stories above. Parking, however, will be on-grade.