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5/12/23
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Lincoln Property Company (“LPC”), Intercontinental Real Estate Corporation, University of Washington (“UW”), and Sound Transit have broken ground on the new University District Station Building, a 266k sf office project in the center of Seattle’s University District (“U District”). The new building will feature ground-floor retail and amenities, Class A office space, and a rooftop terrace with spectacular views of the city.
LPC was selected by UW to develop the project over Sound Transit’s subterranean U District light rail station, which opened in fall of 2021. Due to its strategic location, the high-density office and retail project will encourage the use of public transit, offering connections to Seattle’s Central Business District, Sea-Tac Airport, and the Eastside market. The station will remain operational during construction.
The office tower location has earned a perfect Transit Score of 100 and a Walk Score of 99. Within walking distance of the UW Campus, the University will occupy five floors of the building with administrative space.
According to Randy Hodgins, the University of Washington’s Vice President
for External Affairs, the project’s central location will make mass transit the obvious choice for the 900 UW employees who will work here, reducing single-occupancy vehicle trips and lowering our carbon footprint.
The project will feature robust health and wellness components, including interconnecting staircases that provide floor-to-floor connections and access to the vertical campus without needing to use the elevators. The amenity deck and rooftop terrace provide open-air elements and will feature unobstructed views of Mt. Rainier, Lake Union, and the Olympic Mountains. The project will also deliver 8k sf of public open space, which will be programmed to be enjoyed by the broader local community.
The U District is a thriving neighborhood that is home to a significant portion of off-campus student housing, cafés, historic performance venues, and other amenities, including the University Book Store, a 123-year-old independent retailer serving UW and the Seattle community.
Following a significant zoning revision in 2017, the U District has supported increased density, with several new towers under construction. The University is also making progress toward a new affordable housing project at the site now known as the Filer Building, a new research and education building known as the W27 site, and a proposed new UW Welcome Center in a collaboration with the University Book Store and UW Alumni Association, alongside new parks and apartment buildings.
Newmark brokers Cavan O’Keefe, Tim O’Keefe, and Jesse Ottele will be leasing the remaining 133k sf of office and retail space. The building is expected to be completed in Q4 of 2024.
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