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William Justen, a longtime resident of downtown Seattle and current homeowner of Fifteen Twenty-One Second Avenue provided his top 10 most exciting changes taking place in the neighborhood. In addition to new retail and apartment development, William pointed to the tremendous expansion of in-city corporations such as Amazon.com, which is soon to break ground on another three towers comprising some 3 million square feet of office space for an estimated 15,000 employees. His #1 most exciting change is the removal of the Alaskan Way Viaduct and the impending waterfront park, which will create a world-class front door to downtown Seattle and rival seaside promenades in Vancouver, B.C., San Francisco and San Diego.
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Most Exciting Changes
in Neighborhood
TOP
· Symbolic of impending waterfront focus
· Opens June 29
· Awakening a world-class waterfront
SEATTLE’S GREAT WHEEL
· Repositioning of Broadacres Building
· New Urban Target Store
· IGA Kress Building
· Retail brokers are seeing a lot of
activity for downtown retail spaces
NEW RETAIL IN NEIGHBORHOOD
· Seattle City Council creates
Downtown Historic Theater District
with five theaters
· Seattle has more cultural venues per
capita then any other city in the U.S.
CULTURAL EXPANSION / SPORTING
· The $80 million almost invisible rehab of
the Market is now complete and good for
many decades
ONGOING COMMITMENT TO
THE PIKE PLACE MARKET
· The Market Foundation: Pike Market
Medical Clinic, Food Bank Childcare and
Preschool, and Senior Center
· Have a heart – give smart
· Free ride bus zone ends in September
· Front door experience for visitors Seattle
· Children's play space is coming to
Westlake Park
DSA, the City of Seattle and the Seattle School
District are planning for a downtown elementary
school.
DSA FOCUS ON PIKE PINE CORRIDOR
AND 3RD AVENUE CORRIDOR
· Insignia Condos – 5th & Bell
· 8th & Pine – apartments
· Viktoria – 1915 2nd Ave
· Coleman Tower – 800 Western Ave
· The Martin – 2105 5th Ave
The condominium pipeline is almost on empty
New Residential Developments
· DJC reports potential of a boutique hotel use
· Challenges with redevelopment / historic
significance
· Redefine retail experience
Rumored Changes to the
Eitel Building – 2nd & Pike
· Rumored that Equity Residential has
acquired former 1 Hotel site
· Greg Smith is actively seeking equity
· Construction disruption has a way of
resetting neighborhoods
· Added investment, retail and
stakeholders positive for neighborhood
DSA FOCUS ON PIKE PINE CORRIDOR
AND 3RD AVENUE CORRIDOR
· 3 new towers = 3 million sq. ft. = est.
15,000+ employees
· Underscores trend for “urban campuses”
as tech companies compete for talent
· Cements two key corridors: Pike / Pine
and Westlake
Amazon.com Campus
· Outline changes to waterfront and likely “lifestyle”
· Impacts of the Viaduct removal
Seattle Central Waterfront Park / SR 99
DISCLAIMER:
Information provided has been obtained from sources deemed reliable
but cannot be guaranteed. Viewers are encouraged to perform their own
due-diligence before acting on any content provided herein. E&OE.
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