Seattle Commercial Real Estate News of the Day

Tuesday, March 13, 2012

Seattle Times Daily Journal of Commerce Headline
24-story apartment tower set for Second Avenue downtown

Seattle’s redeveloped waterfront won’t be complete for decades

Fed notes better economy, takes no policy action · The process starts in 2016 with removal of the viaduct, followed by four years of constructing parks and amenities. Then comes private development.

It’s fun to think that when the downtown tunnel opens and the Alaskan Way Viaduct comes down, the waterfront redevelopment switch will be flipped and — voila! An instant urban oasis.

Here’s the reality: Replacing the viaduct is a 100-year decision, so redeveloping the waterfront will unfold over decades.

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About CRE Northwest

Specialist in office & investment real estate in Seattle & the Eastside
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