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Old Posted Apr 8, 2015, 10:44 PM
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chris08876 chris08876 is offline
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Arrow SEATTLE | 1925 3rd Avenue | 440 FT | FLOORS

Development deja vu: Selig plans another high-rise project in downtown Seattle

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In February, Martin Selig Real Estate quietly paid $6.5 million for a small Seattle parking garage on Third Avenue across the street from Bed Bath & Beyond.

Selig declined to talk about it until Tuesday, when he said he is paying $7.5 million for the 101-year-old building just south of the garage. His plan: build an office/apartment tower up to 440 feet tall on the property at the southwest corner of Third Avenue and Virginia Street.

If this sounds familiar, that's because it is. Selig is in the early stages of developing a similar project one block to the north at Third and Lenora.
Martin Selig, one of the last of Seattle's independent developers, is on a tear. On Monday, he said his company was the winning bidder of downtown Seattle's former Federal Reserve Bank branch at 1015 Second Ave. He is rehabbing the historic building, which he acquired for $16 million, into office space.

If those projects weren't enough, he's got big office projects planned on Lower Queen Anne and Ballard, and a high-end apartment project by the Olympic Sculpture Park.

"I'm having a good time," Selig said.

He's in the early stages of working with the Seattle office of architecture firm Perkins + Will on plans for his newly acquired property across from Bed Bath & Beyond. He thinks the project will have 150,000 square feet on the bottom floors and a yet to-be-determined number of apartments above. The timing of the project has not been determined.

The price that Selig paid for the Third and Virginia land works out to $1,080 a square foot. That's $211 a foot more than his company paid for the Third and Lenora property. It's not anywhere near a record, though. In January, a Taiwanese company paid $1,597 a foot for a property at 2011 Fifth Ave.
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http://www.bizjournals.com/seattle/m...high-rise.html
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Old Posted Feb 18, 2019, 9:56 PM
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chris08876 chris08876 is offline
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Martin Selig Real Estate’s 38-Story Mixed-Use Tower in Downtown Seattle Approved at Early Design Guidance Meeting



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On Tuesday, August 28th, a 312-unit mixed-use project slated for downtown Seattle was unanimously approved at an Early Design Guidance (EDG) meeting. At the meeting, Perkins+Will presented preliminary project plans to the downtown review board on behalf of developer Martin Selig Real Estate.

The 38-story project, called Third & Virginia and located at 1931 3rd Avenue in Belltown, will include 12 stories of office space, 26 levels of residential, street-level retail space, 104 parking stalls and rooftop amenity spaces. The .3-acre site is comprised of two parcels—bounded by 3rd Ave to the east and Virginia St. to the north—and an existing parking garage and office building will be demolished as part of the applicant’s project plans.

Beginning the applicant team’s presentation, Erik Mott of Perkins+Will discussed the neighborhood context around the project site and the primary development objectives, which are to create a tower that has an appropriate massing and facade in relation to the adjacent streetscape; improve the pedestrian experience through active street-level retail space; and create a development that successfully fits the current and historic Belltown neighborhood context.

The proposed tower located in close proximity to Seattle’s waterfront, Pike Place Market and Westlake Center. Additionally, the proposed tower is near several public parks and open spaces including Victor Steinbrueck Park, Regrade Park and Bell Street Park.

Mott also discussed its three proposed massing concepts for the tower and explained how the preferred option would provide the most effective transition from the streetscape to the building podium and build upon the character of existing buildings in Belltown. Mott emphasized how the preferred option would look to capitalize on transit-oriented opportunities along 3rd Ave and provide the most effective breakdown of commercial, residential and retail space, and also explained how the tower’s exterior facade and modulation would best fit with the adjacent streetscape.

There were a couple of public comments expressed during the meeting. A resident of the nearby Escala condominium expressed the importance of effective street-level uses and ground-level design and programming with the project, while another neighborhood resident echoed these concerns around street-level programming.
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https://news.theregistryps.com/marti...dance-meeting/
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