Stadium Place
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| Stadium Place | |
|---|---|
The Wave (South Tower), April 2014 | |
| Alternative names | North Lot Development |
| General information | |
| Coordinates | 47°35′52″N 122°19′57″W / 47.5979°N 122.3324°W |
| Groundbreaking | September 27, 2011[1] |
| Estimated completion | 2017 |
| Cost | $517 million |
| Design and construction | |
| Architecture firm | Zimmer Gunsul Frasca Architects |
| Developer | Daniels Real Estate |
| Website | |
| northlotdevelopment | |
| References | |
| [2] | |
Stadium Place, also known as the North Lot Development, is a mixed-use development project in the Pioneer Square neighborhood of Seattle, Washington, replacing a parking lot north of Lumen Field.
The first phase of the project, located on the west side of 2nd Avenue South, was completed in 2014 and consists of The Wave, a 26-story residential high-rise building, and The Nolo, a 10-story apartment building. The second phase, on the east side, will be completed in 2017 and consist of an office building named Hawk Tower and an Embassy Suites hotel.
Stadium Place consists of four buildings on two blocks along South King Street:[2][3][4][5]
- The Wave: a 26-story, 260-foot-tall (79 m) residential high-rise with condominiums (opened in 2014)
- The Nolo, a 10-story apartment building (opened in 2013)
- Hawk Tower: a 21-story office building partially leased by Avalara, to open in 2017[6]
Financing
Daniels Real Estate and R.D. Merrill have partnered to develop the almost $200 million project.[7][8] As of February 2009, $20 million in a $51.5 million securities offering had been raised for the initial phase. The construction lender is Pacific Life Insurance Company.[9][10]
The project also used $300 million in EB-5 visa financing from foreign nationals.[11]