Located on the southern edge of Microsoft's Redmond campus, the Daytona Building replaced four one-story buildings. The chevron shaped building is named after the legendary Daytona International Speedway in Florida. With a fast-track design and completion schedule, the building was completed in under a year-and-a-half.
The design challenge was fitting the large building and 800 parking stalls on a small and irregular shaped site. The design solution was to maximize the amount of leasable and usable space by shaping the building at an angle and placing it above a three-level underground parking garage.
"The design balances the office area, parking and open space, increasing the efficiency of the site and blending the building in with the surrounding environment," says Greg Krape, MulvannyG2 vice president and lead architect on the project.
The feature design elements are three glass stairways that stand out from the building like towers. These stairways use natural light to provide openness during the day and are lit up brightly at night to look like huge lanterns.
Hart Properties is the developer and property manager of the building, which is located prominently along Highway 520 in Redmond.
The general contractor for the project was Baugh Skanska, and construction of the project began in January 2001.
The fact that the Daytona Building is fully-leased comes on the heels of several third-quarter reports putting office vacancy rates on the rise again. According to CB Richard Ellis, Eastside vacancy increased from 16.06% to 16.69% in the third quarter, its third straight quarter of only slight increases. Sublease space made up approximately 57% of the Eastside's vacant space, the report states.
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
Already have an account? Sign In Now
*May exclude premium content© 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.
