SEATTLE | 1903 Fifth Ave | 50 FLOORS | 500+ FT

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Stanford Hotels eyes 50-story tower with a hotel and housing

An entity related to Stanford Hotels Corp. of San Francisco is talking with the city about building a 50-story tower at Fifth Avenue and Stewart Street that would combine a hotel and housing units.

Permit records show Stanford's early plan is for a 677,000-square-foot structure with approximately 194,000 square feet of hotel space, 225 housing units and 200 parking spaces.

Stanford representatives did not return a phone call requesting comment.

Project documents show Stanford is working with MulvannyG2 Architecture.

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July 9, 2014
http://www.djc.com/news/re/12067526.html

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Small site, big tower: Hotelier eyes 50-story downtown Seattle project

No wonder Stanford Hotels Group paid so much money for such a small site. The company's planning to build a 50-story tower on the one-third acre parking lot at Fifth and Stewart in downtown Seattle.

According to paperwork filed at City Hall, San Francisco-based Stanford is working with MulvannyG2, a Bellevue architecture firm, on the mixed-use hotel tower. Early plans call for around 225 residential units and 200 parking stalls on eight levels, half below grade and half above. The hotel would take up nearly 30 percent of the 677,000-square-foot building – the rest would be residential units and parking.
Stanford Senior Vice President Denise Hannan was unavailable Wednesday.

This is the latest large hotel project in the neighborhood. Construction is under way on Touchstone Corp.'s Hill7 project, which includes office space as well as a hotel. R.C. Hedreen & Co. is planning a hotel near the expanding Washington State Convention Center, and Pineapple Hospitality is moving ahead with a project near Pike Place Market.

Big downtown companies like Amazon that regularly draw business visitors from out of state, combined with a lack of supply and an ease in credit availability, are driving this growth.

Stanford has agreed to pay $16.75 million for the Fifth and Stewart site, according to court records.

http://www.bizjournals.com/seattle/b...-50-story.html