A residential tower is in the works for 8th Avenue and Denny Way, right on the border of South Lake Union and the Denny Triangle—on the little triangular block where Japanese and Korean barbecue joint Shilla used to be. Seattle firm Caron Architecture and Bellevue developer North American Asset Management Group released a brand-new design proposal for the building on Tuesday, and the project has only gotten bigger and taller.
The tower was originally going to have 39 stories and 286 units. Now, those numbers are up: The current plan calls for 42 stories and 312 units, plus 72 below-grade parking spaces.
While that’s a great deal taller than the immediate surroundings for now, it won’t be for long. The Denny Triangle is developing quickly; 8 Tower is within a couple of blocks of Amazon’s developing second campus (just a block from Block 21), and right next door to another planned 40-story residential tower.
It’s unclear at this time whether the development will be apartments or condos. Caron’s Radim Blazej told the Puget Sound Business Journal that it’ll depend on project investors.
While apartments are pretty common around that area—in March, we reported that around 10,000 homes were in the pipeline—ownership opportunities are not. Over on the other end of Denny Triangle, Nexus, which is a similar size to 8 Tower, is the only current confirmed condo development.
The current 8 Tower design proposal is scheduled for design review November 21.