SEATTLE-Redevelopment of a city-owned Downtown block here took a big step forward this week when Mayor Greg Nickels sent legislation to the City Council Thursday directing the Fleets and Facilities Department to issue an RFP for the purchase and redevelopment of the site with a mix of uses. Formerly home to the city’s Public Safety Building, the property sits at the south end of the Downtown core, bordered by James and Cherry streets and Third and Fourth avenues.Nickels’ proposal goes beyond the recommendations of the civic center master plan by including housing in addition to office, retail, below-grade parking, a public plaza and enhanced connections to the Metro Tunnel. The mayor’s plan calls for sale of the site subject to the following conditions:

  • Developing and maintaining a publicly accessible plaza/open space on the southeastern third of the site with easy pedestrian access from Fourth Avenue;
  • Developing an office tower on the northern third of the site which can be built to the maximum height allowed under current land-use code;
  • Building approximately 100 residential units above retail on the southwestern third of the site, with building height limited to protect City Hall view corridors;
  • Restricting development of a parking garage to below the Fourth Avenue elevation; and
  • Maintaining pedestrian connection to the Metro/Sound Transit tunnel.

The entire site would be sold in fee simple and developed privately, according to the proposal, which leaves open the option of developing the office and plaza in a second phase as demand warrants. Preliminary projections of land value indicate that the mayor’s alternative could generate significantly higher proceeds than what was previously envisioned; approximately $13.7 million versus approximately $5.8 million estimated in the civic center master plan. Nickels reportedly studied various development scenarios for the site. They included a range of office tower sizes, amounts of parking, locations of uses, plaza/open space sizes and design parameters, and the feasibility of a range of multifamily development options. Nickels’ Marianne Bichsel could not provide GlobeSt.com estimated square footages for the different components of the project or, based on the size of the property, the total allowable square footage. City planning staff could not immediately be reached for comment.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.