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COVER STORY, FEBRUARY 2006
Sleepless in South Lake Union:
A Vulcan-Sized Revitalization Going On In Seattle
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2200, a redevelopment in Seattle's South Lake Union neighborhood, will offer hotel, condominium and retail uses when completed later this year.
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Vulcan Real Estate, a division of Vulcan Inc., the project and investment management company founded by Paul Allen, is working to redevelop more than 60 acres in Seattle's South Lake Union neighborhood. One of Vulcan's more substantial redevelopment projects in the district is 2200, a $200 million, 550,000-square-foot mixed-used property located at the corner of Westlake Avenue and Denny Way. When completed in September/October of this year, the development will feature a 160-room Pan Pacific Hotel, 261 condominiums and a 50,000 square-foot Whole Foods Market. How are people reacting to Vulcan's revitalization of South Lake Union? Well, 90 percent of the condos at 2200 were sold within a month after the sales center opened.
“By combining a diverse mix of residential, retail and hotel uses, we think 2200 will serve as the tipping point in fostering a more vibrant and sustainable community of workers and residents, who are drawn to a truly 24-7 urban lifestyle,” says Ada Healey, vice president of real estate for Vulcan Inc. “Considering the size and scope of this project, we're very pleased that we've stayed on schedule throughout the redevelopment process.”
Turner Construction, structural engineer Magnuson Klemencic and architectural firm CollinsWoerman are teaming up with the owner and developer on 2200.
— Brian A. Lee
©2006 France Publications, Inc. Duplication
or reproduction of this article not permitted without authorization
from France Publications, Inc. For information on reprints
of this article contact Barbara
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