SEATTLE—400 University @ Rainier Square, a 10-story 122,000- square-foot class-A office building, has broken ground at the SW corner of the Rainier Square block at University Street and Fourth Avenue, according to local developer Wright Runstad & Company and partner Intercontinental Real Estate Corporation. The plans call for 110,000 square feet of office space on top of 12,000 square feet of street-level restaurant and lounge space.
Other features include a subgrade mezzanine level, a 6,000-square-foot rooftop deck and third-floor terrace. The property has exclusive bike storage, locker rooms with showers and dedicated tenant parking.
"We are extremely excited to be underway at 400 University," says Walt Ingram, president and CFO of Wright Runstad & Company. "When complete, 400 University will fulfill an important vision for Rainier Square, as one-block, one-project and as a pre-eminent office, retail and residential destination offering an unbeatable location, proximities, and a full complement of tenant and residential amenities. More importantly, 400 University reflects our continued belief in downtown Seattle and the long- term prospects for its economic growth and office demand."
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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.
