Tower 12
Tower 12 is an apartment building in Seattle, Washington. The 34-story, 392-foot-tall (119 m) skyscraper has 314 apartments as well as 7,000 square feet (650 m2) of ground-level retail space.[5] It is located at the northwest corner of 2nd Avenue and Virginia Street near Pike Place Market and Victor Steinbrueck Park at the southwestern edge of the Belltown neighborhood.
Tower 12 | |
---|---|
Under construction in April 2016 | |
Location within downtown Seattle | |
Alternative names | Tower 12 Apartments |
General information | |
Status | Topped-out |
Type | Residential |
Address | 2015 2nd Avenue Seattle, Washington |
Coordinates | 47°36′42.28″N 122°20′32.60″W |
Groundbreaking | March 27, 2015[1] |
Opened | May 2017 |
Cost | $75 million[2] |
Height | |
Architectural | 392 feet (119 m) |
Technical details | |
Floor count | 34 |
Design and construction | |
Architecture firm | MG2 |
Developer | Continental Properties |
Main contractor | PCL Construction |
Other information | |
Number of units | 314 apartments |
Parking | 336 parking stalls |
Website | |
tower12.com | |
References | |
[3][4] |
The project's name, Tower 12, is a reference to the "12th man", a nickname for fans of the Seattle Seahawks football team.[6]
History
The 2nd & Virginia site was formerly proposed as part of a $67 million condominium project in the early 1990s called "One Pacific Towers", which would have had two 27-story towers with 145 units in each, that was later cancelled.[7] In 2008, developer Justen Company submitted proposals to build a 39-story, 234-unit condominium building on the same site, part of a two-tower project spanning Virginia Street,[8][9] but did not move further on into the design review process.[10]
Bellevue-based developer Continental Properties bought the quarter-block property and master-use permit in March 2014 for $16 million, and announced plans to build a 324-unit residential building on the site using the previously-approved master-use permit.[11] Initially planning to build condominiums,[12] Continental instead opted to build apartments (later named "Tower 12") because of the higher value and lower risk involved.[6]
Construction of the building began on March 27, 2015 and the building opened on May 1, 2017.[1][6] The building was topped out in August 2016.[13]
On October 27, 2017, Tower 12 was acquired by Weidner Apartment Homes for $225M[14][15].
References
- "PCL Construction to Build 400-foot-tall Downtown Seattle Apartment Tower" (Press release). PCL Construction. March 27, 2015. Retrieved May 10, 2016.
- Rosenberg, Mike (March 10, 2017). "Record construction frenzy sweeps downtown Seattle; more building to come". The Seattle Times. Retrieved March 27, 2017.
- Tower 12 at Emporis
- "Tower 12". MG2. Retrieved May 10, 2016.
- "Continental's Tower 12 ahead of schedule". Seattle Daily Journal of Commerce. February 10, 2016. Retrieved May 10, 2016.
- "Continental starts Belltown apartments named for 12th Man". Seattle Daily Journal of Commerce. March 27, 2015. Retrieved May 10, 2016.
- Craig, Jerry (June 18, 1990). "Luxury condos back on scene". Seattle Daily Journal of Commerce. p. 1.
- "Real estate tower proposed at 2nd and Virginia". The Seattle Times. February 15, 2008. Retrieved May 10, 2016.
- "Two 440-foot high-rises proposed at 2nd & Virginia". Seattle Post-Intelligencer. July 3, 2008. Retrieved May 10, 2016.
- "Permit & Complaint Status: Project #3007605 (2015 2nd Ave)". Seattle Department of Planning and Development. Retrieved May 10, 2016.
- Stiles, Marc (March 20, 2014). "Development site near Pike Place Market sells for $16 million". Puget Sound Business Journal. Retrieved May 10, 2016.
- Porter, Lynn (October 24, 2014). "2nd & Virginia tower will start as condos, but could be apartments". Seattle Daily Journal of Commerce. Retrieved May 10, 2016.
- "Tower 12 tops out in Belltown". Seattle Daily Journal of Commerce. August 26, 2016. Retrieved August 28, 2016.
- Homes, Weidner Apartment. "Weidner Apartment Homes Acquires Tower12 Apartments Northwest Built And Now Northwest Owned". www.prnewswire.com. Retrieved 2018-03-31.
- "Weidner Acquires Seattle Community for $225M". www.multihousingnews.com. Retrieved 2018-03-31.