SEATTLE—Mack Urban will now start construction on Cyrene, its new 16-story, 160-unit waterfront apartment building located at 50 University. Cyrene will include 120-parking spaces within the building and approximately 3,900 square feet of retail along the full block of Alaskan Way facing the waterfront.

Cyrene will be the first new apartment tower to begin construction under the City Seattle's $1 billion dollar central waterfront plan. It signals the start of early private investment to help create a world class central waterfront, according to Mack Urban.

[IMGCAP(1)]

Named after an old steam powered passenger ferry built and operated near the site and along the waterfront, for Mack Urban, the property is a “unique opportunity to build upon Harbor Steps, which was built by Mack Urban's predecessor company Harbor Properties.” Harbor Steps was the first project in Seattle to connect First Avenue to the waterfront with a public plaza and tiered staircase. Martha Barkman, the project manager for Harbor Steps is also the project manager for Cyrene.

While sources involved in the project could not disclose construction costs to GlobeSt.com at this time, Richard Mack, CEO of Mack Urban Real Estate Group, says that “Cyrene is more than an address. We are mindful of the big picture and recognize that this project is both an opportunity to shape a new waterfront lifestyle in Seattle and a responsibility to create a prominent pedestrian connection from downtown to the piers.”

According to Mack, the firm's aim was to design a building that belongs. “Rather than planting a tower with a modest reveal to rise from the Alaskan Way grade, we designed a timeless residential building with a true brick podium that takes its design cues from the existing warehouse district, while the residential tower is set back, quiet and dignified. What this building does above all is to engage the entire waterfront both north and south without turning its back on any street front.”

Although University Street is not part of the city's waterfront master plan, Mack Urban is working with the city and adjacent property owners to incorporate future street design elements that will be part of the overall placemaking goals for the central waterfront. For example, Cyrene will include 17-foot wide sidewalks along University Street that will be fully landscaped in order to creating a green street feel from Harbor Steps to the piers and complement the new waterfront design.

[IMGCAP(2)]

Mack Urban also revealed that they are working with the Lehman family, owners of the site for over 100-years, to curate items for a time capsule that will be buried in a public location. “This is a legacy project and we want to recognize the history as much as the vision,” Barkman notes.

Fast Facts about Cyrene are included below:

  • The tower is broken into two distinct forms and, although only 65' wide, pulls away from the north property line to allow expansive city and bay views.
  • The lower form is within a public view corridor and in order to provide an attractive year-round green roof, Mack Urban dropped the roofline below code to allow for lush vegetation.
  • University Avenue will include unprecedented 17-foot sidewalks that will be coordinated with the city's central waterfront master plan which is currently still under design. Although not part of the master plan area, Mack Urban wants the streetscape and landscaping to harmonize comfortably with the central waterfront plan.
  • This project will allow for new, on-street parking along University Avenue that doesn't exist today.
  • The project team for Cyrene is led by general contractor Exxel Pacific, Ankrom Moisan Architects, Mercedes Fernandez Interior Design with Hewitt leading the landscaping.

Continue Reading for Free

Register and gain access to:

  • 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.

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.