SEATTLE—400 University @ Rainier Square, a 10-story 122,000-square-foot class-A office building, has broken ground at the SWcorner of the Rainier Square block at University Street and FourthAvenue, according to local developer Wright Runstad & Companyand partner Intercontinental Real Estate Corporation. The planscall for 110,000 square feet of office space on top of 12,000square feet of street-level restaurant and lounge space.

Other features include a subgrade mezzanine level, a6,000-square-foot rooftop deck and third-floor terrace. Theproperty has exclusive bike storage, locker rooms with showers anddedicated tenant parking.

"We are extremely excited to be underway at 400 University,"says Walt Ingram, president and CFO of Wright Runstad &Company. "When complete, 400 University will fulfill an importantvision for Rainier Square, as one-block, one-project and as apre-eminent office, retail and residential destination offering anunbeatable location, proximities, and a full complement of tenantand residential amenities. More importantly, 400 Universityreflects our continued belief in downtown Seattle and the long-term prospects for its economic growth and office demand."