SEATTLE | Third Ave and Lenora St | 440 FT | 36 FLOORS

[chris08876]

Rendering:

Martin Selig Real Estate on Tuesday unveiled early plans for a 440-foot-tall residential and office tower in downtown Seattle on a quarter block that the company bought last week.

The Seattle-based company paid nearly $16.9 million for the property at the southwest corner of Third Avenue and Lenora Street. Currently on the site are the Jewish Federation of Greater Seattle and two small commercial buildings.

Martin Selig, one of the city's most prolific commercial real estate developers, said the approximately 210,000 square feet of office will be at the base of the 36-story building with around 140 high-end apartments above. There will be two entrances, with people accessing the office space via Third Avenue and residents and their guests entering from Lenora. It will have five floors of underground parking.
The project timeline has not been set.

"I closed on the ground last Monday," Selig said, explaining it's early. The development team will start meeting with city officials in the coming weeks to set the schedule for the design review process. Perkins + Will is the architect, and Lease Crutcher Lewis the general contractor for the project that will cost around $150 million to construct.

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http://www.bizjournals.com/seattle/b...high-rise.html