SEATTLE-Site work has started for a two-tower mixed-use development at Westlake Avenue North and Denney Way, where one major project was just completed and another set to start in January. The current project, 2201 Westlake, includes a 12-story office tower and a 19-story residential tower atop a five-level retail and office podium. In total, the project will contain 300,000-sf of office, 135 luxury condominiums and 25,000-sf of retail. Occupancy is scheduled for early 2009.

The 2201 Westlake project and the two others are all being developed by Vulcan Real Estate, the real estate development arm of billionaire Paul Allen, which owns approximately 60 acres of property between Downtown Seattle and Lake Union that it has been rapidly gentrifying. The company currently has more than 1 million sf under development and an additional 3 million sf in the pipeline.

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.