X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SEATTLE-Locally based developer Clise Properties predicts a fall 2005 groundbreaking for its latest project, a 31-story office and residential tower. Slated for Seventh Avenue between Westlake Avenue and Lenora Street, the building will include 230,000 sf of office space topped by 170 luxury condominiums.As planned, floors 5-17 would be office space and floors 18-31 would be residential. The first floor would contain 11,000 sf of retail space, the second and third floors would be parking for the residential tower and the fourth floor would be the lobby for the office portion of the building. Parking for the office portion would be underground.The company expects to obtain its Master Use Permit in January 2005 and have building permits in hand by the end of September, when construction is slated to start. Project completion is predicted for December 2007. Michael Whalen and Associates and Sclater Partners are the architects. Clise is collaborating with the Murray Franklyn Family of Companies on the residential portion of the project. Stuart Williams and Jeff Durrell of Pacific Real Estate Partners have the office leasing assignment. Neither the brokers nor developer Al Clise were immediately available Thursday afternoon for further comment. Founded in 1889, Clise Properties owns and manages more than 3 million sf of real estate in the Downtown Seattle area. Its commercial office properties include the Securities Building, Westin Building, Denny Building, Sixth & Lenora Building and 1700 Seventh Avenue.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.