Tower 12

Tower 12
Under construction in April 2016
Location within downtown Seattle
Alternative names Tower 12 Apartments
General information
Status Topped-out
Type Residential
Address 2015 2nd Avenue
Seattle, Washington
Coordinates 47°36′42.28″N 122°20′32.60″W / 47.6117444°N 122.3423889°W / 47.6117444; -122.3423889Coordinates: 47°36′42.28″N 122°20′32.60″W / 47.6117444°N 122.3423889°W / 47.6117444; -122.3423889
Groundbreaking March 27, 2015 (2015-03-27)[1]
Opened May 2017
Cost $75,000,000[2]
Height
Architectural 392 feet (119 m)
Technical details
Floor count 34
Design and construction
Architecture firm MG2
Developer Continental Properties
Main contractor PCL Construction
Other information
Number of units 314 apartments
Parking 336 parking stalls
Website
tower12.com
References
[3][4]

Tower 12 is an apartment building in Seattle, Washington. The 34-story, 392-foot-tall (119 m) skyscraper has 314 apartments as well as 7,000 square feet (650 m2) of ground-level retail space.[5] It is located at the northwest corner of 2nd Avenue and Virginia Street near Pike Place Market and Victor Steinbrueck Park at the southwestern edge of the Belltown neighborhood.

The project's name, Tower 12, is a reference to the "12th man", a nickname for fans of the Seattle Seahawks football team.[6]

History

The 2nd & Virginia site was formerly proposed as part of a $67 million condominium project in the early 1990s called "One Pacific Towers", which would have had two 27-story towers with 145 units in each, that was later cancelled.[7] In 2008, developer Justen Company submitted proposals to build a 39-story, 234-unit condominium building on the same site, part of a two-tower project spanning Virginia Street,[8][9] but did not move further on into the design review process.[10]

Bellevue-based developer Continental Properties bought the quarter-block property and master-use permit in March 2014 for $16 million, and announced plans to build a 324-unit residential building on the site using the previously-approved master-use permit.[11] Initially planning to build condominiums,[12] Continental instead opted to build apartments (later named "Tower 12") because of the higher value and lower risk involved.[6]

Construction of the building began on March 27, 2015 and the building opened on May 1, 2017.[1][6] The building was topped out in August 2016.[13]

On October 27, 2017, Tower 12 was acquired by Weidner Apartment Homes for $225M[14][15].

References

  1. 1 2 "PCL Construction to Build 400-foot-tall Downtown Seattle Apartment Tower" (Press release). PCL Construction. March 27, 2015. Retrieved May 10, 2016.
  2. ↑ Rosenberg, Mike. "Record construction frenzy sweeps downtown Seattle; more building to come". seattletimes.com. Retrieved March 27, 2017.
  3. ↑ Tower 12 at Emporis
  4. ↑ "Tower 12". MG2. Retrieved May 10, 2016.
  5. ↑ "Continental's Tower 12 ahead of schedule". Seattle Daily Journal of Commerce. February 10, 2016. Retrieved May 10, 2016.
  6. 1 2 3 "Continental starts Belltown apartments named for 12th Man". Seattle Daily Journal of Commerce. March 27, 2015. Retrieved May 10, 2016.
  7. ↑ Craig, Jerry (June 18, 1990). "Luxury condos back on scene". Seattle Daily Journal of Commerce. p. 1.
  8. ↑ "Real estate tower proposed at 2nd and Virginia". The Seattle Times. February 15, 2008. Retrieved May 10, 2016.
  9. ↑ "Two 440-foot high-rises proposed at 2nd & Virginia". Seattle Post-Intelligencer. July 3, 2008. Retrieved May 10, 2016.
  10. ↑ "Permit & Complaint Status: Project #3007605 (2015 2nd Ave)". Seattle Department of Planning and Development. Retrieved May 10, 2016.
  11. ↑ Stiles, Marc (March 20, 2014). "Development site near Pike Place Market sells for $16 million". Puget Sound Business Journal. Retrieved May 10, 2016.
  12. ↑ Porter, Lynn (October 24, 2014). "2nd & Virginia tower will start as condos, but could be apartments". Seattle Daily Journal of Commerce. Retrieved May 10, 2016.
  13. ↑ "Tower 12 tops out in Belltown". Seattle Daily Journal of Commerce. August 26, 2016. Retrieved August 28, 2016.
  14. ↑ Homes, Weidner Apartment. "Weidner Apartment Homes Acquires Tower12 Apartments Northwest Built And Now Northwest Owned". www.prnewswire.com. Retrieved 2018-03-31.
  15. ↑ "Weidner Acquires Seattle Community for $225M". www.multihousingnews.com. Retrieved 2018-03-31.


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