Nonetheless, Howe took a few minutes this week to speak with GlobeSt.com about the status of Stewart Place, 660,000-sf office building proposed for the block surrounded by Terry and Boren avenues and Virginia and Stewart streets in Downtown's Denny Triangle district.

Despite several media reports that refer to the project as mixed-use, Howe describes the project as "primarily an office project with ancillary retail and a day care." There will be "at least" 15,000 of ground-floor retail space, he says.

The latest iteration of Stewart Place, designed by Bellevue architect Collins Woerman, calls for three buildings of varying height. One building is five stories tall, another is 12 stories and the third is a 15-story building. The original plans were for buildings of seven, 12 and 14 floors. Below-grade parking is expected to provide 1,200 stalls.

Another element of the project still up in the air is whether the developer will receive a permit from the city to close an alley now connecting Virginia to Stewart Streets. The closure would allow for the inclusion of an open-space plaza Howe says would run 30,000 sf. The issue of the alley met with early opposition last November when Michael Jenkins, a city land use planner, expressed the commission's concern that only the complex's tenants, and not the public at large, would benefit from the open space.

As to a target date for ground-breaking, Howe says, "Tentatively late '02." However, he cautions, "We can't finalize costs or schedules until we've completed the permit process." Touchstone's general contractor for Stewart Place is Lease Crutcher Lewis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.