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SLU Lab/Office Building Finds Tenant, Meydenbauer Center Plans Renovations

BELLEVUE—Security Properties recently paid $10.7M for land from Wright Runstad & Co. for what will become a five-building apartment complex in the 36-acre Spring District. The buildings will range from thee-to-nine stories and include 309 residential units in total. [SP]

SOUTH LAKE UNION—PSBJ reports that construction is underway for a new lab/office building at 500 Fairview Ave. N. and Novo Nordisk has already agreed to lease a portion of the seven-story project. When finished, the project will feature 63K sq. ft. of lab space and 42K sq. ft. of office space. [PSBJ]

BELLEVUE—Meydenbauer Center announced Tuesday that it will undergo $12.5M in upgrades next year. Interior and audio-visual equipment upgrades are among the changes, which will begin next June and last roughly three months. LMN Architects is designing the new interiors. [PSBJ]