Roughly eight years ago, Triad Development proposed a massive project on the block along Fourth and James called Civic Square. At the time, Seattle gave them until the end of this year to close the purchase on the land or pay $1M in extension fees. Instead, Triad has agreed to provide $1M promissory notes that hold its principals responsible. Over two years ago they said they still intended to go through with the project and now it sounds like it will finally happen. Triad SVP Brett Allen announced that construction will begin on the 43-story project sometime next year, though it's still unclear exactly when as it's currently in review. They still have to lock down the sale of the property but are already working with King County Metro on an entrance to the transit station under the property. The current plan calls for 125 condos, 600,000 sf. of office space and 40,000 sf of retail space.
· Civic Square to start next year [DJC]
· After 8-year delay, Civic Square construction set to begin next year [PSBJ]
· Tweak In Civic Square Tower Deal May Help It Happen [CS]