SEATTLE—University District Parking Associates Inc. selected Seattle-based commercial real estate firm Touchstone and Atlanta-based real estate development company Portman Holdings to initially redevelop the University District parking lots in 2019. The firms are now working on the two-building mixed-use project in the University District.
Construction on the Chapter Buildings and Brooklyn Cut is anticipated to begin in 2021 and the project is estimated for completion in 2023. The new development is located within one block of Sound Transit's future link light rail station, which opens in fall 2021.
"As a long-term business owner, I've seen the University District neighborhood change many times over the years," said Don Schulze, University District Parking Associates president. "While times are currently difficult, we have a long-term optimism for this neighborhood and are confident that the Touchstone and Portman Holdings are the right development partners for this important project."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
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.
