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  #1  
Old Posted Oct 25, 2014, 6:32 AM
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Arrow SEATTLE | Tower 12 | 440 FT | 34 FLOORS

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Continental Properties will start construction early next year on a 34-story tower at Second Avenue and Virginia Street in downtown Seattle that will be built as condos.

But the units could be switched to apartments during construction if the rental market remains strong.

Continental President Claudio Guincher said the decision will be made by the end of 2015. If they are condos, marketing will start then. If they are apartments, marketing will start in 2016.

“They're both good options and we're going to wait and read the market — both the condominium market and the rental market — in a year from now instead of making the decision now,” he said.

This unusual move is the result of downtown Seattle's unusually strong apartment market. Building after building is filling up, and rents are rising.

Guincher said that over the last 25 years, developers typically have made more money on condos than apartments. But demand now for renting and selling Seattle apartment buildings is so strong that developers can make almost as much with apartments as with condos — with potentially less risk, he said.

Continental's tower will have 314 units, and is expected to open in early 2017. It was designed by Weber Thompson and will be built by PCL Construction Services.

[...]

Guincher said Continental's project at the northwest corner of Second and Virginia can be brought to market quicker than other projects in the pipeline downtown because the site it bought in March came with a master-use permit.

He said the site is in a prime location near Pike Place Market, the downtown retail core and entertainment, and within walking distance of Amazon's future headquarters.

Continental Properties’ 34-story tower will have 314 units, and is expected to open in early 2017. It was designed by Weber Thompson and will be built by PCL Construction Services.
==============================
http://www.djc.com/news/re/12071187.html
October 24, 2014

Last edited by Urbannizer; Jun 6, 2017 at 9:01 AM.
     
     
  #2  
Old Posted Oct 25, 2014, 2:44 PM
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Really liked the design on this...but what is up with literally every tower being 440 feet in Seattle? Lol.
     
     
  #3  
Old Posted Oct 25, 2014, 4:01 PM
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I think it has to do with the height limit for the area. Something called "CAP" which sets regulations for height and density for new towers.
     
     
  #4  
Old Posted Oct 25, 2014, 5:45 PM
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Originally Posted by summersm343 View Post
Really liked the design on this...but what is up with literally every tower being 440 feet in Seattle? Lol.
I like the design also, the crown kind of reminds me of the new CHOP tower that's going up in Philly.
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  #5  
Old Posted Feb 22, 2015, 12:29 PM
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Developer Site: http://www.westminstermanagement.com/projects/seattle/

They are also calling this "Tower 12 Apartments".


Has 300+ units.

Corner of 2nd Ave. & Virginia St., Seattle
Construction to begin in 2015
Completion 2017

We will probably see action on this in the months coming.
     
     
  #6  
Old Posted Mar 28, 2015, 5:41 PM
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This project broke ground yesterday. Another one for the crane city.

On Top of the future towers to go up near Bellevue. 3 x 440 feet revealed just this week for the nearby Satellite. Many more will start soon once the design reviews and final approvals are green lighted. Seattle metro is going strong. The Miami of the NorthWest in terms of construction activity.
     
     
  #7  
Old Posted Mar 30, 2015, 12:34 AM
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Originally Posted by chris08876 View Post
The Miami of the NorthWest in terms of construction activity.
But a Miami that won't be underwater in 50 years.
     
     
  #8  
Old Posted Mar 30, 2015, 2:10 AM
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Originally Posted by geoffloftus View Post
But a Miami that won't be underwater in 50 years.
Well if Miami's going under Seattle won't be too far behind considering it's not too far from the ocean/sea level. Many other global cities would be gone too with that logic
     
     
  #9  
Old Posted Mar 30, 2015, 2:39 AM
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Most of Downtown Seattle is far higher than it'll need to be, like Belltown which is around 80 feet above sea level. Only Pioneer Square and the Elliott Bay waterfront are really low.

Also, big cities will build dikes. It's everything else that's the problem. In the Seattle region we'll lose some lowlands but most areas are hills or plateaus of some kind.
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  #10  
Old Posted Mar 30, 2015, 9:41 PM
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nevermind
     
     
  #11  
Old Posted Mar 30, 2015, 9:43 PM
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Lots planned. Design wise this is pretty nice along with the others. Well, from what we've seen at those preliminary design meetings.
     
     
  #12  
Old Posted Apr 15, 2015, 11:24 AM
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Quote:
Originally Posted by chris08876 View Post
Lots planned. Design wise this is pretty nice along with the others. Well, from what we've seen at those preliminary design meetings.
This is an active construction site now.

     
     
  #13  
Old Posted Apr 15, 2015, 11:28 AM
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Quote:
Originally Posted by chris08876 View Post
Lots planned. Design wise this is pretty nice along with the others. Well, from what we've seen at those preliminary design meetings.
This is an active construction site now. (Oops just realized that people already posted that this broke ground and I can't delete the message. Oh well.)

     
     
  #14  
Old Posted Apr 15, 2015, 3:39 PM
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Do you have a possible photo showing caissons or advanced foundation so this could be moved to the construction section (not sure whats going on because its dark in the photo)? I'm from NJ so I can't go out and scope the sites.

Unless you want to cover a plane ticket. I'm up for another trip and always welcome to donations and a free hotel. Preferably the Fairmont. Amazing hotel btw.
     
     
  #15  
Old Posted Apr 15, 2015, 5:23 PM
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This building is beautiful can't wait to see it go up!
     
     
  #16  
Old Posted Apr 15, 2015, 6:32 PM
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I will try to take more pictures today.

Also sorry for the double-post. Moderator, you can delete one of my duplicate messages.
     
     
  #17  
Old Posted Apr 18, 2015, 5:56 AM
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A little late, but here are the pics:










Last edited by antonba; Apr 18, 2015 at 6:02 AM. Reason: fixing one of the images
     
     
  #18  
Old Posted May 10, 2015, 2:30 PM
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  #19  
Old Posted Dec 27, 2015, 3:46 AM
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  #20  
Old Posted Mar 7, 2016, 11:59 PM
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Tower 12 updates 3/5/15 by Geoffloftus @ SSC

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