In February 2019, Onni Group made their first real estate purchase on the Eastside, with the acquisition of a four-acre site in downtown Bellevue—currently home to a church and Barnes & Noble store—for $116 million. On Thursday, March 14th, the company provided the first set of publicly available images for a large-scale mixed-use project it plans for the area, which, according to Puget Sound Business Journal, will comprise “three 600-foot-tall towers totaling 1,289 residences, 896,000 square feet of office space, 317 hotel suites and 2,318 underground parking stalls.”
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As a recent Puget Sound Business Journal article put it, “The Eastside office market has FANGs.” However fitting, they aren’t referencing the region’s sharp teeth; they are talking about a group of tech titans: Facebook, Amazon, Netflix and Google.
Amazon left the tech community reeling in mid-February when they announced that they were pulling out of their plans to add a headquarter location in the Long Island City section of New York. Many have been asking, where will the 25,000 planned jobs for Long Island City go? The short answer seems to be a little bit of everywhere.
Seattle is a crucible of technological innovation. The intersection of computer/data science and biological/chemical sciences will lead to breakthrough in a number of industries, and the Emerald City will increasingly be known as a hub for these intersections of change. As we move into 2019, GeekWire polled six venture capitalists from the Pacific Northwest to offer their insight on what to expect in tech for 2019.
In January of 2018, I covered the opening of the first Amazon Go grocery store in Seattle, which drew a large crowd of people that were eager to try their hand at shopping in the cashierless grocery store. At the time, it was unclear what role Amazon Go would play in the brick-and-mortal consumer grocery store industry. Now that it’s been a year, let’s take a look at what’s changed.