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The company states that construction will start immediately after securing the building permit for the project that secured $2.7 million in performance-based tax credits from New York State through the Excelsior Jobs Program.
While serviced offices have been around for decades, the term coworking has become a buzzword during the last 10 years with very little metro level data available yet to track historically, says NAI Partners.
More than 640,000 cubic yards were excavated and 92,000 cubic yards of concrete were recycled from the old terminal, enough to fill 28 Olympic-size swimming pools, according to the JV construction team.
Keystone acquired the nine-story, approximately 400,000-square-foot class A office building in 2013, and has spent $25 million to redevelop the property.
With a rate of 63.1%, Seattle has the most educated workforce in North America of residents older than 25 holding a bachelor's degree or higher and ranks second for tech talent only behind the Bay Area.