Stadium Place East: Executive Summary

 

In partnership with the R.D. Merrill Company and American Life, Inc., Daniels Real Estate Co. is proposing the development of a mixed use, diversified income project on what has been commonly referred to as the “North Lot”.  Formerly owned by King County, the land is ideally located adjacent to the regional transit hub at King Street Station.  Immediately north of CenturyLink Field (the home of the NFL Seahawks and MLS Sounders), the location is part of Seattle’s new entertainment district and will provide a mixture of hotel, office space, and housing for all levels of income.

The North Lot project encompasses two city blocks between Occidental Avenue and Third Avenue with King Street as the north boundary.  The development plan for the east block will involve two phases commencing with the construction of the “Podium” or base that will cover the entire block and will include a 297 room Embassy Suites hotel and conference center, health club and spa, restaurants, retail and nearly 400 parking spaces for tenants. As a result of current market conditions, the current plan is to proceed with construction of the podium in 2013 with the future office tower to follow immediately thereafter.

Located in Seattle’s oldest neighborhood, Pioneer Square has a vibrant entertainment district.  The neighborhood has the city’s largest collection of art galleries and museums, and two large sports stadiums and an exhibition hall.  Stadium Place is within the nation’s first certified historic district (Pioneer Square – Skid Row) with an amazing historic built environment unlike anywhere else in the city.  Immediately adjacent to the regional transit hub at King Street Station, the project offers easy access to multiple modes of transit. In addition, within a few short years, the neighborhood will once again be connected to Seattle’s waterfront for the first time in over 50 years with a beautiful landscape esplanade leading to a new waterfront park at Washington Street.

Pioneer Square is in the middle of a renaissance and will be once again a vibrant and active neighborhood.  Within the last few months a number of well known employers (Blue Nile, Isilon, ING ShareBuilder, Nuance Software, among others) have located their offices within the Square bringing with them over 2,000 new employees.  The creation of the Alliance for Pioneer Square to implement the City’s 2015 plan for Pioneer Square has re-invigorated the neighborhood with the installation of a Main Street program.