SEATTLE | Downtown Projects: Completed, U/C, Proposed/Approved - Page 143

alki · #**2841** Posted **May 28, 2013, 6:06 AM**

Cornish College of the Arts Considering 19-Story Dormitory Tower

Right now, 2025 Terry Ave. is a parking lot around the corner from Cornish College of the Arts in Downtown. According to plans submitted to the city by Ankrom Moisan Architects, it might eventually become a 19-story residential tower for the school. Plans call for roughly 230 residential units as well as other school space. The school is preparing to eventually move their current dorm space, which will be displaced by Amazon's biosphere-heavy Denny Triangle project.

http://seattle.curbed.com/archives/2...tory-tower.php

mhays · #**2842** Posted **May 28, 2013, 3:03 PM**

Quote:

Originally Posted by alki

Cornish College of the Arts Considering 19-Story Dormitory Tower

Right now, 2025 Terry Ave. is a parking lot around the corner from Cornish College of the Arts in Downtown. According to plans submitted to the city by Ankrom Moisan Architects, it might eventually become a 19-story residential tower for the school. Plans call for roughly 230 residential units as well as other school space. The school is preparing to eventually move their current dorm space, which will be displaced by Amazon's biosphere-heavy Denny Triangle project.

http://seattle.curbed.com/archives/2...tory-tower.php

What a funny article. Problem 1 was saying it was on Capitol Hill. Problem 2 was mis-locating the marker on the map. Problem 3 was showing the wrong parking lot in the photo if they intended to have the right site, and saying it was "around the corner" as the wrong site would be. Problem 4 was implying that it was Amazon's current three-block project, when it's actually a site that might expand them beyond that.

The dorms are a couple old motels that Amazon is occupying temporarily, on property that Amazon has options to buy. The Cornish project site is kitty-corner from the main Cornish building to the south (aka southwest).

mhays · #**2843** Posted **May 28, 2013, 3:13 PM**

Speaking of Amazon, they got a shoring permit for their first tower last week. Along with the trailers, sidewalk canopies, excavators, etc., onsite, this suggests it could start this week if everything else is lined up.

With Insignia, the big question is how far the second tower will lag the first. Is it keeping a month or two behind, or will it be a year behind as they said in 2006? Is it even happening, as they haven't announced anything other than Tower 1 and the below-grade elements for both. Tower 2's podium is currently poking slightly above ground level, and clearly going more slowly than Tower 1 which is a couple floors up.

There are benefits to Insignia not flooding the market with 707 units at once. But Amazon and the lack of competition give reasons for optimism. Staggering the two might be more about them being designed to be staggered, and construction being easier this way. Or maybe it's a financing issue. They're self-financing, which is how they can build without presales. Brilliant actually....they build at 2012/3 prices, while selling at 2013/4/5 prices. But self-financing only works to the extent you have equity.

alki · #**2844** Posted **Jun 2, 2013, 9:25 PM**

Quote:

Originally Posted by mhays

What a funny article. Problem 1 was saying it was on Capitol Hill. Problem 2 was mis-locating the marker on the map. Problem 3 was showing the wrong parking lot in the photo if they intended to have the right site, and saying it was "around the corner" as the wrong site would be. Problem 4 was implying that it was Amazon's current three-block project, when it's actually a site that might expand them beyond that.

LOL. I know. I had to read three times before I really understood what they were saying.

alki · #**2845** Posted **Jun 2, 2013, 9:33 PM**

Quote:

Originally Posted by mhays

With Insignia, the big question is how far the second tower will lag the first. Is it keeping a month or two behind, or will it be a year behind as they said in 2006? Is it even happening, as they haven't announced anything other than Tower 1 and the below-grade elements for both. Tower 2's podium is currently poking slightly above ground level, and clearly going more slowly than Tower 1 which is a couple floors up.

There are benefits to Insignia not flooding the market with 707 units at once. But Amazon and the lack of competition give reasons for optimism. Staggering the two might be more about them being designed to be staggered, and construction being easier this way. Or maybe it's a financing issue. They're self-financing, which is how they can build without presales. Brilliant actually....they build at 2012/3 prices, while selling at 2013/4/5 prices. But self-financing only works to the extent you have equity.

I think its a selling issue whether the project is outside financed or self financed. Bosa is pretty aggressive esp for a Canadian developer but I don't think he's stupid. Pre sales should start this fall.........should they go well; I expect to see construction on the second tower speed up.

cactus22minus1 · #**2846** Posted **Jun 6, 2013, 2:30 AM**

My significant other has a new view at work which happens to show a good chunk of new developments at the base of Pine Street including 815 Pine:

And here's a view of the LINK Light Rail Station where you can see they are starting to build up the station platform. Apparently there are rails down there somewhere.

mhays · #**2847** Posted **Jun 6, 2013, 3:15 AM**

Awesome.

In the first picture the little apartment building atop the tunnel seems like a start in a month or two.

Hoping we do the convention center annex plus something on top on the convention place block. The car dealership (blue building and to the left) is moving to Airport Way South.

Wonder what happens to North Link's staging triangle after 2016.

mSeattle · #**2848** Posted **Jun 6, 2013, 10:18 PM**

Nice pics Cactus. Sorry to see they turned the triangle building on Pine into a muffled strawberry muffin instead of the hot orange that some renderings showed.

cactus22minus1 · #**2849** Posted **Jun 6, 2013, 10:32 PM**

Quote:

Originally Posted by mSeattle

Nice pics Cactus. Sorry to see they turned the triangle building on Pine into a muffled strawberry muffin instead of the hot orange that some renderings showed.

Yea, it's definitely slightly more muted than rendered, but this picture makes it look worse than it really is. And it looks a lot better at street level- especially from Pine looking into it as a thin wedge. I'd go as far as saying I'm thrilled with this building compared to most of what's going up on Capitol Hill. A massive improvement over what used to be a sketchy this area, and huge potential for a beautiful open area / eating space with an expansive downtown view if a restaurant or two were to open up in the base.

Chinook11 · #**2850** Posted **Jun 7, 2013, 9:09 PM**

So GeekWire had an article up this morning that has since been pulled that showed Amazon has put in for even more of the blocks to the north of the 3 proposed towers. Basically, more towers between the 3 new ones and filling up all of the area to the corner of Denny street and Denny Park. A wall of towers is what I envision. They just better not touch the pink elephant.

Chinook11 · #**2851** Posted **Jun 7, 2013, 9:12 PM**

So GeekWire had an article up this morning that has since been pulled that showed Amazon has put in for even more of the blocks to the north of the 3 proposed towers. Basically, more towers between the 3 new ones and filling up all of the area to the corner of Denny street and Denny Park. A wall of towers is what I envision. They just better not touch the pink elephant.

mhays · #**2852** Posted **Jun 8, 2013, 12:13 AM**

It's been in the paper that Amazon has options on more blocks. Also referred to in the Cornish article recently. The Seattle Times covered it in November.

alki · #**2853** Posted **Jun 10, 2013, 1:16 AM**

Quote:

Originally Posted by Chinook11

So GeekWire had an article up this morning that has since been pulled that showed Amazon has put in for even more of the blocks to the north of the 3 proposed towers. Basically, more towers between the 3 new ones and filling up all of the area to the corner of Denny street and Denny Park. A wall of towers is what I envision. They just better not touch the pink elephant.

I don't get all this office expansion on the part of Amazon. They sat for years at the tower on Beacon Hill, barely expanding. Suddenly now, there is not enough office space in the entire world to satiate their needs.

mhays · #**2854** Posted **Jun 10, 2013, 3:27 AM**

Pre-SLU they added a bunch of space in south Downtown.

seaskyfan · #**2855** Posted **Jun 10, 2013, 4:13 PM**

^ They also had a good chunk of the Columbia Center.

alki · #**2856** Posted **Jun 13, 2013, 5:02 AM**

Quote:

Originally Posted by mhays

Pre-SLU they added a bunch of space in south Downtown.

Quote:

Originally Posted by seaskyfan

^ They also had a good chunk of the Columbia Center.

Thanks. Didn't know that.........I thought they were only on Beacon Hill. Still they are gobbling down space like its candy.

alki · #**2857** Posted **Jun 17, 2013, 5:32 AM**

7-story apartment project will revitalize Seattle's Japantown

[IMG]http://media.bizj.us/view/img/499401/hirabayashi-placemithun-copy*304.jpg[/IMG]

http://www.bizjournals.com/seattle/n...ll-expand.html

mhays · #**2858** Posted **Jun 17, 2013, 5:58 AM**

There's been a pretty marked lack of new housing in the ID lately. This is a small step but welcome.

What an odd headline. Little job.

alki · #**2859** Posted **Jun 28, 2013, 5:16 AM**

Touchstone's Troy Landry Blocks More Like Tetris Blocks

http://seattle.curbed.com/archives/2...2ea16ef9043685

RumbleFish · #**2860** Posted **Jun 28, 2013, 4:32 PM**

In one of the renderings from curbed there appears to be parkspace across the street. I am confused on where that would be or does it supposedly already exist or is it to make the picture look nice?