Monday, November 14, 2011
|Seattle Times||Daily Journal of Commerce Headline|
|Calif. developer plans 31-story First Hill apartment tower||$46M Safeway center opens in Canyon Park|
|As viaduct comes down, opportunity rises||Safeway has opened a lifestyle shopping center in the Canyon Park area of Bothell.
Property Development Centers, a wholly owned subsidiary of Safeway Inc., developed the project. Freight & Ho was the project architect, and Sierra Construction was the general contractor.
PDC is a national developer of Safeway-anchored centers.
Construction began in July of 2008 and was halted three months later. Work re-started 14 months ago. The total cost is $46 million.
The center is at 24040 Bothell-Everett Highway and has a 55,000-square-foot Safeway and 35,000 square feet of other retail. A second phase could add 30,000 square feet of retail.
Scott Blakenship of Wallace Properties is marketing the space for lease and said there are more potential tenants than space. Wallace’s website says the annual asking rents range from $32 to $40 per square foot.
Safeway decided to build a new center to replace its old store because of Bothell’s growth. City officials expect over the next decade that Bothell’s population will grow faster than the rest of the Eastside. The forecast calls for 12,000 new housing units.
Safeway says the grocery will have one of the largest wine collections in the state. The store will hold wine tastings and highlight Bothell’s growing wine-making industry.
|Schnitzer’s $1.2B selling spree will fuel new projects|
|Puget Sound Business Journal|
|Boeing gets huge $18 billion 777 order in Dubai|
|Seattle awards $27M to build affordable housing|
|Seattle, UW, bringing high-speed internet to UW neighborhoods|
|Queen Anne High condo owners get big judgment|
|Why Seattle isn’t the next Silicon Valley – yet|
|Boeing plushes out third 787 Dreamliner|
|Seattle/Puget Sound’s Retail Vacancy Decreases to 6.0%|
|Mohr Partners Adds Hatzman, Leland and Roma to Seattle Office|
|The kind of waterfront we want, Seattle: feedback rolls in|
|CBRE Plans to Make Its First Residential Investment in China in Four Years|
|DealBook: Liz Claiborne Sells Portfolio of Brands|
|The U.S. Has More Wireless Devices than People|
St Ste 1400 | Seattle, WA 98101 | (: 206.388.3000 | 7: 206.388.3001 | *:E-mail