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The Fortune Group Adding to Belltown Apartment Projects

SEATTLE, WA-Fortune's Andy Loos tells GlobeSt.com that 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.

By Janet Parker | Updated on February 14, 2001

SEATTLE, WA-After a long wait, The Fortune Group is adding two new mixed-use projects to the Belltown neighborhood, a hot residential district located immediately north of the downtown core.

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.

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