Tacoma developers Herb Simon and Ted Johnson paid $5.8 millionfor the building last summer, and have been preparing the buildingfor lease to dot-com companies. They predict healthy leasingactivity because the space will be much less expensive thanSeattle, and because it is wired for broadband access thanks to acity-funded effort to criss-cross the city with fiber opticcables.
Next door, KeyBank believes that trading in its tall narrowbuilding for a wider four-story structure it already owns offers amore 21st century approach for customers. Rather than beingdominated by a row of teller windows, customers entering the newlyremodeled facility will step into a rounded lobby segmented intofour areas, including a large commercial area, a new accounts area,an individual transactions area, and an area with four tellerwindows.
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