Mayor Jenny Durkan Publishes Mercer Island Mega Block Proposal

Mayor Jenny Durkan announced a major update in the sale of nearly three acres in South Lake Union, dubbed the “Mercer Mega Block,” as it was revealed that Alexandria Real Estate won the bid, committing to a total of $143.5 million for the land and money allocated to provide services to the homeless. According to the Puget Sound Business Journal, Durkan’s proposal “would buy real estate to preserve and build affordable housing, work with employers to foster homeownership and provide financing of backyard cottages, or accessory dwelling units (ADUs).”

Biotech is Coming to South Lake Union

The biotech presence in South Lake Union is set to grow, as Puget Sound Business Journal reports that Alexandria Real Estate Equities plans to construct an office and research building—with a $76.5 million price tag—at 1150 Eastlake Avenue East. The project will comprise 12 stories and 303,000 square feet and is one of four projects Alexandria is planning in the region.

Bosa Properties Moves Forward with Apartment Project Despite Overstock of Apartment Supply in Seattle

While an overstock in apartment supply might have signaled that the “apartment boom” in Seattle is over, Puget Sound Business Journal says it isn’t “over just yet.” This proclamation comes amidst an announcement from Bosa Properties that they will move forward with plans for a 41-story apartment tower at 2014 Fairview Avenue, located close to the Amazon headquarters at South Lake Union.

The Seattle Construction Boom

The Emerald City has seen a record number of construction projects in recent years and activity does not seem to be slowing down, as Seattle Times reports that there are currently 66 major projects underway in the city — that’s up by 1 compared to six months ago.

Your Alaskan Way Viaduct and Highway 99 Tunnel Questions Answered

The nearly two-decade-long effort to replace the Alaskan Way Viaduct will soon hit a major milestone, as the viaduct is set to close on January 11th, 2019 as it is replaced by the Highway 99 tunnel spanning Sodo to South Lake Union. The closure has undoubtedly caused concern and confusion for commuters and Seattleites alike, especially given that there will be an approximate three-week gap between the closure of the viaduct and the tunnel’s opening. Using research obtained by Seattle Times, let’s take a look at answers to some of the biggest questions surrounding the project.

Do You Know the Fastest Growing Neighborhoods in Our Region?

Home to Amazon’s Seattle campus and explosive growth over the past few years, many will be unsurprised to hear that the fastest-growing neighborhood in the region is South Lake Union. The second neighborhood, however, may come as a surprise. To get there, you have to travel to the Eastside…

Google Continues to Cement its Presence in South Lake Union’s Tech Hub

Exciting news came from Google on August 14th, as Puget Sound Business Journal broke the story that the search engine giant is working with Vulcan Inc. to build a fifth office building for the company in the fast-growing South Lake Union neighborhood where it already has four in construction. The new building will stand 12 stories tall and complement the “Lakefront Blocks,” which will top 607,000 square feet of office space with apartments for rent.

Amazon’s Seattle Footprint is Now Large Enough to Fill Five Empire State Buildings

A recent CNBC article asks its readers, if they are wondering how Amazon will impact the city it chooses for its second headquarters, then “just take a look at its presence in the Seattle metropolitan area.” The Emerald City no doubt continues to feel the impact of tech companies within its thriving Silicon Forest, most notably with Amazon, whose footprint is now at nearly 14 million square feet, enough to fill five Empire State Buildings.

TechnologyAaron FreemanDecember 13, 2017CNBC, Amazon, Seattle, Silicon Forest, Technology, South Lake Union, Queen AnneComment

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Aaron Freeman