H5 Capital purchased a building at 121 Boren Ave. N from The Seattle Times for $36 million. Now we know what they plan to build around it. The real estate firm has officially unveiled plans to build two 42-story residential towers with 840 units total (split 50/50). Each tower would also include underground parking for 350 vehicles while one of the towers would include 3,500 square feet of street-level retail. The 86-year-old Seattle Times building will remain where it is but the building that 13 Coins Restaurant currently calls home would be demolished. Via Architecture is the architect and will bring initial plans before the design review board on October 7. These towers would just be the latest in a stretch of skyscrapers planned for the area, which include Mack Urban's 40-story tower right around the corner, Onni's four-tower project on the next block and Holland Partner Group's 40-story apartment tower across the street.
· Two-tower project will sandwich the Seattle Times, demolish 13 Coins building [PSBJ]
· Another doozy for South Lake Union: two 42-story towers with 840 units [DJC]
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