Breaking NewsGlobeSt.com will be offline for scheduled maintenance Saturday May 8 3 AM US EST to 12 PM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

REDMOND, WA-The four-story, 214,000-sf Daytona office building recently opened its doors. The $21-million facility is fully-leased by Microsoft Corp.

Located on the southern edge of Microsoft’s Redmond campus, the Daytona Building replaced four one-story buildings. The chevron shaped building is named after the legendary Daytona International Speedway in Florida. With a fast-track design and completion schedule, the building was completed in under a year-and-a-half.

The design challenge was fitting the large building and 800 parking stalls on a small and irregular shaped site. The design solution was to maximize the amount of leasable and usable space by shaping the building at an angle and placing it above a three-level underground parking garage.

“The design balances the office area, parking and open space, increasing the efficiency of the site and blending the building in with the surrounding environment,” says Greg Krape, MulvannyG2 vice president and lead architect on the project.

The feature design elements are three glass stairways that stand out from the building like towers. These stairways use natural light to provide openness during the day and are lit up brightly at night to look like huge lanterns.

Hart Properties is the developer and property manager of the building, which is located prominently along Highway 520 in Redmond.

The general contractor for the project was Baugh Skanska, and construction of the project began in January 2001.

The fact that the Daytona Building is fully-leased comes on the heels of several third-quarter reports putting office vacancy rates on the rise again. According to CB Richard Ellis, Eastside vacancy increased from 16.06% to 16.69% in the third quarter, its third straight quarter of only slight increases. Sublease space made up approximately 57% of the Eastside’s vacant space, the report states.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.