Equity Residential is moving forward with their plans for a 40-story apartment building at the northeast corner of Second Avenue and Pine Street, though they're only developing a little more than half of the land they purchased last year for $22M.
Weber Thompson, a Seattle firm, and GBD Architects of Portland are jointly designing the project that will occupy a little more than the southern half of the property that is due west of the Macy's garage. The 440-foot-tall project will have approximately 375 apartments, 3,000 square feet of retail on the first floor and 300 stalls of underground and above-grade parking. While it's unclear what Equity plans to do with the unused space, it's large enough to add a tower up to 125 feet tall. We'll have to wait and see what they say at their early design guidance meeting on May 7.
· 40-story apartment tower planned for prime downtown Seattle spot [PSBJ]