November 25, 2014 Leave a comment
Marc Stiles | Puget Sound Business Journal
Seattle real estate development company Urban Visions on Wednesday unveiled plans to turn a seven-acre industrial property at the terminus of Interstate 90 into a 1-million-square-foot office and retail campus called Stadium East.
Under the proposal, seven new buildings will rise eight stories and have a total of around 860,000 square feet of office space with the rest of the space dedicated to retail. There will be 1,000 stalls of underground parking.
Urban Visions still must get the city of Seattle’s OK to build the project, which company CEO Greg Smith said he will not develop until he pre-leases the space.
“We’ll wait for the right tenant like we did for Weyerhaeuser,” Smith said, referring to the timber giant’s decision to move its headquarters to 200 Occidental, a new building that Smith’s company is developing in Pioneer Square near Stadium East.
Located at the intersection I-90 and Airport Way South just east of CenturyLink and Safeco fields, Stadium East is the latest example of how downtown’s energy is shifting away from South Lake Union toward the central business district and Pioneer Square. Urban Visions hopes to cash in on Stadium East’s proximity to billions of dollars of rapid mass transit investments and other infrastructure in the south downtown area, including the planned $1 billion makeover of the city’s waterfront. Read more