2015 Annual Highlights


Project Completions
  • Allen Institute

    Allen Institute/Pacific & Ford McKay historic preservation (270,000 SF)

  • Bothell City Hall

    Public-private partnership for the Bothell City Hall Phase 1 completion (53,000 SF)



  • Amazon Phases 6-8

    Completion of the Amazon HQ expansion in four separate buildings along 9th Ave N (1 million SF)






Groundbreakings
209 residential units

Leases


240,000 SF of leases signed including new retailers:
LifeFloat and Metropolitan Cafe & Deli
Sam’s Tavern
Ethan Stowell’s Ballard Pizza Company and Josh Henderson’s Poulet Galore, Vestal and Cantine Bottle Shop & Bar
Eltana Wood-Fired Bagel Café and Hurry Curry of Tokyo

Awards and Recognition
NAIOP National Sustainability Award: Stack House/Supply Laundry Building

ENR Northwest Best Project of the Year (Office/Retail/Mixed-Use): Amazon Phase VI

Real Estate Forum Pioneering Projects in the Past Decade: Amazon Global HQ

Commercial Property Executive Most Innovative Executives: Ada M. Healey

NAIOP Night of the Stars Office Development of the year: Amazon Global HQ Expansion

NAIOP Night of the Stars Technology/Life Sciences Development of the Year: Cinerama

Seattle 2030 District Visionary Award for Leadership: Stack House and Supply Laundry Building

Ashrae National First Place Technology Award: Stack House Apartments

Sustainability

Piloting Salmon-Safe Developer Certification


Community Impact

Held 11th annual South Lake Union Block Party raising more than $23,000 to support Low Income Housing Institute and South Lake Union Chamber of Commerce.

New public artworks installed including Re-Stack by Annie Han + Daniel Mihalyo, Nebulous by Dan Corson, and Mirall by Jaume Plensa

 


Acquisitions and Dispositions

DISPOSITIONS

Sale of Nearly $1.2 billion in Assets:

— Stack House/Supply Laundry Building sale to J.P. Morgan Institutional Investors for $150.5 million

— Rollin Street Flats sale to Stockbridge Capital Group for $138.2 million

— 2201 Westlake sale to American Realty Advisors for $251 million (set record price per SF for a Seattle office building)

— Rosen Building sale to Urban Renaissance Group for $41 million

— Sammamish Park Place sale to Talon Private Capital for $128.25 million

— Amazon Phase VI sale to Union Investment Real Estate for $299 million

— 307 Westlake sale to BioMed Realty Trust for $89.7 million 

— Alley24 apartments sale to Greystar for $58.2 million

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