Callahan says the University District is an amenity-rich environment for office users across sectors.
SEATTLE—With more than 14,000 residents and hundreds of independent businesses, Seattle's University District neighborhood is a cultural and economic hub, and home to one of Seattle's largest employers, the University of Washington. Recently, the U-District was up-zoned in anticipation of Sound Transit's new light rail University District station, which will open in the neighborhood in 2021.
Two parking lots are within one block of the new light rail station. The sites currently provide parking at 4530 12th Ave. NE (Lot A) and 4536 Brooklyn Ave. NE (Lot B).
University District Parking Associates Inc. has selected a development team comprised of Seattle-based developer Touchstone and Atlanta-based developer Portman Holdings as its long-term ground lease partner. Touchstone and Portman plan to start the entitlement process on the sites this summer with project completion slated for 2023.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
