SEATTLE-Stone34, a mixed-useoffice and retail project here,will begin construction during this quarter. Skanska USACommercial Development is self-financing the project, thefirst commercial development by its Seattle office, and is expectedto invest $51 million in its construction. The building is expectedto be completed by mid-year 2014.
Set to be located at 3400 Stone Way, theproperty includes 129,000 square feet of office and retail withinfive stories, anchored by Brooks Sports Inc. Thetenant is leasing 114,000 square feet of the building to house itsnew world headquarters.
Stone34 is designed to include 8,500 square feet of outdoorpedestrian areas and is situated next to Seattle’s most-used urbantrail, the Burke-Gilman. The project is expectedto be an urban trailhead that will encourage community connectionand civic interaction. In addition, the building is part ofSeattle’s Deep Green Pilot Program, which requireswater and energy use to be reduced by more than 75% of comparablebuildings.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
