Madison Centre
Madison Centre | |
---|---|
Former names | M5 Commerce Centre, 505 Madison |
General information | |
Type | Office |
Location | 920 5th Avenue, Seattle, Washington 98104 |
Coordinates | 47°36′23″N 122°19′53″W / 47.606468°N 122.331282°W |
Construction started | 2014 |
Opened | October 2017 |
Cost | $157 million[1] |
Owner | Boston Properties |
Height | |
Roof | 530 ft (160 m) |
Top floor | 37 |
Technical details | |
Floor count | 37 |
Floor area | 754,184 sq ft (70,066.0 m2)[2] |
Lifts/elevators | 20[3] |
Design and construction | |
Architect(s) | NBBJ |
Developer | Schnitzer West |
Structural engineer | DCI Engineers |
Main contractor | Sellen Construction |
Other information | |
Parking | 480 spaces |
Website | |
www | |
References | |
[4][5] |
Madison Centre (formerly known as M5 Commerce Centre and 505 Madison) is a 530-foot-tall (160 m)
History
In 2012, the project was revived and the developer began seeking permits to start construction.[11] Demolition of the pre-existing buildings on the site began in early September 2014.[12] In February 2016, Cornerstone Real Estate Advisers (now Barings) announced that it would enter a joint venture with Schnitzer West to develop Madison Centre.[13] Construction on the tower topped out in October 2016,[14] and the tower opened for occupancy in October 2017.[6]
Madison Centre was sold in May 2022 to Boston Properties for $730 million.[15]
Tenants
The retail space facing Marion Street was leased to Amazon Go, the second store for the cashier-less convenience store. It opened on August 27, 2018.[16] Hulu signed a major lease for 67,400 square feet (6,260 m2) within the building in April 2019.[17] Amazon Go closed in June 2023 and is planned to be replaced in 2024 by a small delicatessen and market.[18]
See also
References
- ^ Rosenberg, Mike (March 10, 2017). "Record construction frenzy sweeps downtown Seattle; more building to come". The Seattle Times. Retrieved March 27, 2017.
- ^ "Madison Centre". Schnitzer West. Retrieved October 16, 2023.
- ^ "Elevators". Madison Centre Tenant Portal.
- ^ a b "Schnitzer West, Madison Centre: Business Nexus". NBBJ. Retrieved May 16, 2016.
- ^ "Emporis building ID 318185". Emporis. Archived from the original on May 14, 2015.
- ^ a b Miller, Brian (October 23, 2017). "Madison Centre opens, with 70% of the office space still available". Seattle Daily Journal of Commerce. Retrieved October 24, 2017.
- ^ James, Andrea (March 14, 2007). "More office space at College Club site". Seattle Post-Intelligencer. Retrieved March 29, 2012.
- ^ Shevory, Kristina (October 21, 2008). "Even in Resilient Seattle, Office Vacancy Rate Is Rising". The New York Times. Retrieved March 29, 2012.
- ^ Porter, Lynn (November 10, 2008). "Seattle commercial real estate players: 'We're not immune'". Seattle Daily Journal of Commerce. Retrieved March 29, 2012.
- ^ Holden, Dominic (April 7, 2009). "Re: Boom Forever". SLOG. Retrieved March 29, 2012.
- ^ Pryne, Eric (April 25, 2012). "Schnitzer West revives plan for 36-story office tower downtown". The Seattle Times. Retrieved March 29, 2012.
- ^ Levy, Nat (August 22, 2014). "Schnitzer West getting ready to start Madison Centre". Seattle Daily Journal of Commerce. Retrieved July 7, 2016.
- ^ "Cornerstone joins Madison Centre JV". Seattle Daily Journal of Commerce. February 17, 2016. Retrieved July 7, 2016.
- ^ Mitanis, Marcus (October 6, 2016). "Two Highrise Office Projects Top Out in Seattle". Skyrise Cities. Retrieved November 6, 2017.
- ^ Miller, Brian (May 18, 2022). "Madison Centre trades for $730M". Seattle Daily Journal of Commerce. Retrieved December 7, 2023.
- ^ Day, Matt (August 27, 2018). "Amazon has a second Go at cashierless convenience store in downtown Seattle". The Seattle Times. Retrieved August 27, 2018.
- ^ Stewart, Ashley (April 17, 2019). "Hulu growing Seattle footprint with lease for new Madison Centre office". Puget Sound Business Journal. Retrieved April 21, 2019.
- ^ Thompson, Joey (December 7, 2023). "Former Amazon Go space in downtown Seattle gets new tenant". Puget Sound Business Journal. Retrieved December 7, 2023.