Stadium Place
| Stadium Place | |
|---|---|
Zimmer Gunsul Frasca Architects | |
| Developer | Daniels Real Estate |
| Website | |
| northlotdevelopment | |
| References | |
| [2] | |
Stadium Place, also known as the North Lot Development, is a mixed-use development project in the Pioneer Square neighborhood of Seattle, Washington, replacing a parking lot north of Lumen Field.
The first phase of the project, located on the west side of 2nd Avenue South, was completed in 2014 and consists of The Wave, a 26-story residential high-rise building, and The Nolo, a 10-story apartment building. The second phase, on the east side, will be completed in 2017 and consist of an
Buildings
Stadium Place consists of four buildings on two blocks along South King Street:[2][3][4][5]
- The Wave: a 26-story, 260-foot-tall (79 m) residential high-rise with condominiums(opened in 2014)
- The Nolo, a 10-story apartment building (opened in 2013)
- Hawk Tower: a 21-story office building partially leased by Avalara, to open in 2017[6]
Financing
Daniels Real Estate and R.D. Merrill have partnered to develop the almost $200 million project.[7][8] As of February 2009, $20 million in a $51.5 million securities offering had been raised for the initial phase. The construction lender is Pacific Life Insurance Company.[9][10]
The project also used $300 million in EB-5 visa financing from foreign nationals.[11]
Construction
Construction on the first phase began with a
The first phase, built by
Construction on the second phase, consisting of a 23-story hotel and 21-story office building, began in September 2014 and is expected to last until 2017.[17]
References
- ^ a b "King County Executive reaches creative solution that moves forward North Lot development" (Press release). King County Executive Office. September 27, 2011. Retrieved August 8, 2015.
- ^ a b "Stadium Place". Emporis. Archived from the original on March 7, 2016.
- ^ Levy, Nat (March 6, 2014). "Stadium Place salutes the past and present of Pioneer Square". Seattle Daily Journal of Commerce. Retrieved June 21, 2016.
- ^ "Stadium Place: Key Facts". Daniels Real Estate. Retrieved August 8, 2015.
- ^ "Stadium Place East: Key Facts". Daniels Real Estate. Retrieved August 8, 2015.
- ^ Soper, Taylor (June 10, 2016). "Sales tax company Avalara to lease 100K of space at new HQ near CenturyLink Field". GeekWire. Retrieved June 21, 2016.
- ^ a b Pryne, Eric (December 6, 2011). "Planned Stadium Place tower a game changer". The Seattle Times. Retrieved March 26, 2012.
- ^ Jensen, Eric (September 27, 2011). "Ground broken on new Stadium Place project". KOMO News. Archived from the original on March 9, 2012. Retrieved March 26, 2012.
- ^ Lang Jones, Jeanne (February 29, 2012). "Stadium Place project raises $20M in securities offering". Puget Sound Business Journal. Retrieved March 26, 2012.
- ^ Lang Jones, Jeanne (December 9, 2012). "Slide show: North lot project to rise near Pioneer Square". Puget Sound Business Journal. Retrieved March 26, 2012.
- ^ Lang Jones, Jeanne (June 6, 2012). "American Life's immigrant investors to back latest Stadium Place project with $300M". Puget Sound Business Journal. Retrieved June 21, 2016.
- ^ Pryne, Eric (December 7, 2011). "Stadium Place's South Tower gets mostly positive reaction from city board". The Seattle Times. Retrieved March 26, 2012.
- ^ Bear, Charla. "Building project aims to revitalize Pioneer Square and Seattle". KPLU. Retrieved March 26, 2012.
- ^ Porter, Lynn (March 3, 2011). "Stadium Place construction will start late this summer". Seattle Daily Journal of Commerce. Retrieved March 26, 2012.
- ^ Cohen, Aubrey (December 7, 2012). "Blocky new building would set tone in stadium north lot". Seattle Post-Intelligencer. Retrieved March 26, 2012.
- ^ Levy, Nat (September 5, 2013). "Big opening for Stadium Place apartments". Seattle Daily Journal of Commerce. Retrieved June 21, 2016.
- ^ Stiles, Marc (July 9, 2014). "For local firm, LA Live deal was warm-up to $300M+ Seattle project". Puget Sound Business Journal. Retrieved June 21, 2016.
External links
- North Lot, developer's site