DOCSLIB.ORG

Offering Memorandum

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Offering Memorandum Pk/ Pn www.buy1516melrose.com PIKE/PINE DEVELOPMENT SITE RARE 5,250 SF DEVELOPMENT SITE IN CAPITOL HILL 1516 MELROSE AVENUE | PIKE/PINE CORRIDOR OFFERING MEMORANDUM Pk/ Pn PIKE STREET MELROSE AVENUE 2 PROPERTY DESCRIPTION SUMMARY OF TERMS INTEREST OFFERED Marcus & Millichap has been selected to exclusively market for sale the Pike/Pine Development Site, 1516 Melrose Avenue, 5,250 Sq. Ft. of NC3P-65 zoned land in Seattle, WA. PROPERTY TOURS Prospective purchasers are encouraged to visit the subject property prior to submitting offers. However, all property tours must be arranged with the Marcus & Millichap listing agents. OFFERING PROCEDURE Books & Records are available for review through Real Capital Markets’ Virtual Deal Room (www.buy1516melrose.com). Please submit all offers to Spencer Clark along with transaction history, references, and proof of financial ability at [email protected]. PROPERTY DESCRIPTION 3 Pk/ Pn 4 PROPERTY DESCRIPTION PIKE / PINE DEVELOPMENT SITE 1516 Melrose Avenue, Seattle, WA 98122 On the market for the first time in twenty years, Marcus & Millichap is pleased to present for sale 1516 Melrose Avenue East located in the coveted Pike/Pine Corridor. This 5,250 sq. ft. lot is zoned NC3P-65 and ripe for redevelopment as it is situated in the Pike/Pine Urban Center Village. Similar sized lots in this area have been able to build 50 apartment units ideal for urban dwellers who want to live and work downtown. With the surrounding neighborhood hosting a large variety of restaurants, bars, coffee shops and retail options, the Pike/Pine corridor continues to be highly sought after by renters. Whether walking to work downtown Seattle in under 15 minutes, or taking advantage of the many nearby public transportation options, future residents will have everything they need for exceptional daily living right outside their front door. Walkscore.com has labeled this location a “Walkers Paradise” with a score of 97 out of 100 and also a “Rider’s Paradise” with a perfect 100 out of 100 transit score. The Westlake transit center is only .2 miles away where urban dwellers continue to increase usage of the light rail expanding from the Sea Tac airport all the way to the University of Washington with plans of continued expansion to Northgate Mall and even across Lake Washington to Bellevue. With neighborhood amenities like Terra Plata Restaurant and the Starbucks Reserve Roastery & Tasting Room just across the street, investors have the opportunity to own a unique and highly sought after location. Sites like these have increased in rarity as the Pike/Pine corridor bustles with new development so don’t miss out on this opportunity to own 1516 Melrose Ave. INVESTMENT HIGHLIGHTS • On Market for the First Time in Twenty Years • Pike/Pine Urban Center Village • Rare Parcel in the Coveted Pike/Pine Corridor • Walk Score of 97 – “Walker’s Paradise” • 5,250 sq. ft. Lot Zoned NC3P-65 • Transit Score of 100 – “Rider’s Paradise” PROPERTY DESCRIPTION 5 Pk/ Pn PROPERTY DESCRIPTION // 1516 Melrose Ave OVERVIEW Location Pike/Pine Corridor Address 1516 Melrose Avenue, Seattle, WA 98122 Land Area 5,250 SF (0.12 acres) Tax ID # 872560-0260 Legal Description Twelfth Ave Add Replat Zoning NC3-P65 Plat Block, Plat Lot 3, 5 Existing Structure Office Building Price $3,950,000 Price per SF $752.38 CURRENT USE Number of Buildings 1 PIKE/PINE Description Office DEVELOPMENT SITE Construction Class Wood Frame Stories 2 Building Gross SF 2,547 Building Net SF 2,367 Year Built 1906 Effective Year 1970 Last Sale May 1997 6 PROPERTY DESCRIPTION Nearby AMENITIES Starbucks Roastery Melrose Market Elliott Bay Book Company Pressed Juicery Seattle Central College Capitol Hill Farmers Market Cal Anderson Park Quality Food Center Washington State Convention Center PROPERTY DESCRIPTION 7 PIKE/PINE DEVELOPMENT SITE 2 5,250 SF 3 4 1 PIKE / PINE CORRIDOR The Pike / Pine Corridor, named for the two parallel streets which form its boundaries, is made up of some of Seattle’s most iconic shopping, nightlife, and restaurant scenes. Within walking distance of the Central Business District, these dozen blocks boast busy pedestrian activity with a number of tourist destinations. Starbucks opened its acclaimed reserve roastery and coffee bar in 2014 where one can experience the joys of freshly brewed beans and learn about Starbucks’ unique methods of pro- duction. Lovers of Seattle’s grunge culture can snap a selfie with the Jimi Hendrix statue on Broadway and then enjoy Cal Anderson Park with its reflecting pool, tennis courts, and baseball fields. It is an urban village which places emphasis on dense, walkable neighborhoods with excellent, modern retail and transportation options. SALES COMPARABLES // 1516 Melrose Avenue ADJUSTED LOT PRICE PER PROPERTIES ZONING SALES PRICE SIZE FT 1516 Melrose Avenue, Seattle, WA 98122 NC3P-65 $3,950,000 0.12 $752 1 601 E Pike St, Seattle, WA 98122 NC3P-65 $8,514,626 0.21 $946 2 2100 E Madison St, Seattle, WA 98112 NC3P-65 $4,349,901 0.21 $494 3 1420 E Madison St, Seattle, WA 98122 NC3P-65 $5,867,901 0.15 $917 4 1517 Bellevue Ave, Seattle, WA 98122 NC3P-65 $2,665,205 0.13 $508 ** Aged land sales have been adjusted upwards to account for time by 12% YOY. Upward adjustments of 10% have been for sales located in the Capitol Hill neighborhood, but not in the core Pike/Pine corridor as the Subject Property is. Adjustments were made for land sales that were conditioned by existing entitlements or sold on “developer’s terms.” Sales on “developer’s terms” have been PIKE / PINE CORRIDOR adjusted downward by 20% per year of entitlement to reflect the developer’s return required on the dollars spent to entitle a property. Land sales sold with entitlements in place have been adjusted downward by $1,250,000 reflecting a reasonable cost of entitlement for projects of this scale. Pk/ Pn 1 601 E Pike St 2 2100 E Madison St 601 E Pike St // Seattle, WA 98122 2100 E Madison St // Seattle, WA 98112 Sale Price $8,514,626 Sale Price $4,349,901 Close of Escrow 7/17/2015 Close of Escrow 9/22/2017 Year Built 2016 Year Built Under Construction Zoning NC3P-65 Zoning NC3P-65 Price per Square Foot $946 Price per Square Foot $494 Lot Size 0.21 Lot Size 0.21 Price/Buildable Unit $141,910 Price/Buildable Unit $86,998 Entitled Sale No Entitled Sale Yes 10 SALES COMPARABLES 3 1420 E Madison St 4 1517 Bellevue Ave 1420 E Madison St // Seattle, WA 98122 1517 Bellevue Ave // Seattle, WA 98122 Sale Price $5,867,901 Sale Price $2,665,205 Sale Date April 2014 Sale Date May 2018 Year Built 2017 Year Built N/A Zoning NC3P-65 Zoning NC3P-65 Price per Square Foot $917 Price per Square Foot $508 Lot Size 0.15 Lot Size 0.13 Price/Buildable Unit $79,296 Price/Buildable Unit $53,304 Entitled Sale No Entitled Sale Yes SALES COMPARABLES 11 SEATTLE WASHINGTON POPULATION 669,000 12 MARKET OVERVIEW 2Q18 - 12 MONTH PERIOD EMPLOYMENT 3.0% increase in total employment Y-O-Y Seattle added 11,600 jobs in the second quarter, capping City Of a 12-month gain of 60,200 jobs, an increase from the 2.6 percent pace of growth registered one year earlier. The professional and business services sector led employ- SEATTLE ment gains so far this yearm adding more than 13,100 workers to payrolls, followed by a 10,700 jobs increase in the trade, transportation and utilities sector. The Seattle-Tacoma metro is composed of Snohomish, King and Pierce counties and has CONSTRUCTION a population of more than 3.7 million individuals. The region is situated approximately 8,300 units completed Y-O-Y halfway between Portland, Oregon, to the south and Vancouver, British Columbia, to the Even with 8,300 units completed in Seattle in the past 12 north. The Cascade Mountains border to the east, Mount Rainier is to the southeast and months, national household growth this year has created demand for an additional two million units. the Puget Sound is to the west. Seattle is the largest city with 669,000 residents, followed Downtown Seattle led deliveries, adding 1,750 units to by Tacoma. Outlying cities recorded some of the largest population increases over the the submarket during the past four quarters, followed by South Lake Union and Queen Anne, where 1,640 units past decade as people moved toward lower land and housing costs. Recently, significant were opened over the same timespan. apartment construction has boosted population growth in the city core. VACANCY Industry Giants (Boeing, Amazon, Microsoft) With respect to recent nerves surrounding 90 basis points lower than national average Amazon’s bids for expansion outside of the Seattle area, investors need not fear. Amazon Robust demand and fewer deliveries than in 2017 sup- has confirmed their complete lease of the soon-to-be-built Rainier Tower, an awe- port a declining vacancy rate, ending 2018 at 4.4 percent to erase last year’s 30-basis-point climb. inspiring 722,000 square feet of office space. This indicates long-term plans for the online In last 12 months, there was a 20 basis point increase in retail heavyweight to remain deeply involved in its hometown. Boeing, even in its old national vacancy rates, while Seattle maintained excel- lently low vacancy. age, has proved highly responsive to global aerospace market trends. Having strategically slimmed its operation in recent months, Boeing just announced an exciting partnership with European rival, Airbus. Boeing currently employs 66,611 in the Seattle area, making RENTS it the area’s largest employer.
Load more

Recommended publications
  • MIKE SIEGEL / the SEATTLE TIMES South Lake Union 1882
    Photo credit: MIKE SIEGEL / THE SEATTLE TIMES South Lake Union 1882 http://pauldorpat.com/seattle-now-and-then/seattle-now-then/ Westlake 1902 Top, Westlake 2013 The Club Stables earlier home on Western Ave. north of Lenora Street: Photo Credit MOHAI Reported in the Seattle Times Sept. 26, 1909, read the headline, "Club Stables Now In Finest Quarters in West." Article describes the scene "in the very heart of the city . These up-to-date stables contain ample accommodations for 250 horses, with every safeguard and comfort in the way of ventilation, cleanliness etc. that modern sanitary science can provide . An elaborate sprinkler system of the most approved and efficient type . is practically an absolute guarantee against serious damage by fire. The management solicits an inspection at any time." Development Western Mill, early 1890s, at the south end of Lake Union and the principal employer for the greater Cascade neighborhood Development accelerated after David Denny built the Western Mill in 1882, near the site of today’s Naval Reserve Center, and cut a barrier at Montlake to float logs between the lakes. Homes soon began to appear on the Lake Union’s south shore, ranging from the ornate Queen Anne-style mansion built by Margaret Pontius in 1889 (which served as the “Mother Ryther Home” for orphans from 1905 to 1920) to humble worker's cottages. The latter housed a growing number of immigrants from Scandinavia, Greece, Russia, and America’s own teeming East, attracted by jobs in Seattle’s burgeoning mills and on its bustling docks. Beginning in 1894, their children attended Cascade School -- which finally gave the neighborhood a name -- and families worshipped on Sundays at St.
    [Show full text]
  • 425 Pike Street
    425 PIKE STREET Prime Office Space Available Office space rarely becomes available at 425 Pike Street, but 36,920 SF on the top three floors are now available! Home to WaFd Bank’s newly reimagined corporate headquarters, 425 Pike Street is located at the corner of Fifth Avenue & Pike Street, at the nexus of downtown Seattle’s Central Business District and Retail Core. 425 Pike is within easy walking distance to the Financial District, Pike Place Market, Waterfront and Washington State Convention Center and has excellent access to I-5, I-90 and all modes of public transportation. Designed by TRA and constructed in 1984, 425 Pike Street is a modern classic - a boutique Class A office building surrounded by Seattle’s finest Hotels and high-profile retail, shops and restaurants. WaFd Bank’s corporate headquarters occupies the 2nd & 3rd floors. Floors 4, 5 & 6 each contain 12,320 RSF and are available individually or as a single contiguous unit. All three floors are in warm shell condition and are ready to receive new tenant improvements. Floor plates are highly efficient with no interior columns. Plans are in the works for an expansive, landscaped rooftop deck which will be available for Tenant use and private functions. 425 Pike Street A comprehensive renovation of the ground floor has recently been completed. MG2 Architects designed a stunning project including a new glass & steel canopy, new exterior stone, storefronts, entries and all new interior systems and finishes. FOR LEASING INFORMATION A beautiful new Starbucks and contemporary CONTACT: WaFd Bank Branch bookend the dramatic and Bowen Peck, RPA voluminous main lobby space.
    [Show full text]
  • 02 Pike Place Market
    The Market as Organizer of an Urban CommunitY Pike Place Market, Seattle The Pike Place Market, which climbs a steep hillside not far.above the Seattle waterfront (fig. 2-1), is one of America's great urban places. Some people, hearing its name without ever having been there, might think the Pike Place Market won the Rudy Bruner Award for Excellence in the Urban Environment because it is a "festival marketplace." They would be wrong, and it is worth pointing out why. The places that developers call festival markets are shopping centers that offer food and goods in an entertaining urban setting. Festival markets have wonderful aromas, public performers, and lots of small shops. They typically have interesting views. And all these things can be found at Pike Place, which is certainly festive. But the differences between Pike Place and a festival market are profound. Unlike festival markets, the Pike Place Market is a place where people live as well as shop. Some of Pike Place's inhabitants are wealthy, but a gleater number are poor or of moderate income; they occupy new or rehabilitated apartments mainly because an effort was made to obtain government subsidies. The chain merchants that operate in festival mar- kets are not allowed at Pike Place; on the contrary, Pike Place strives to rely on independent enterprises whose owners are on the premises, making their concerns and their personalities felt. Although there are plenty of restaurants and take-out food stands at Pike Place, just as in a festival market, much of the food at Pike Place comes in a basic, less expensive form-raw, forhome consumption.
    [Show full text]
  • Out of Control Special Seattle’S Flawed Response to Protests Report Against the World Trade Organization
    A Out of Control Special Seattle’s Flawed Response to Protests Report Against the World Trade Organization June 2000 American Civil Liberties Union of Washington 705 Second Ave., Suite 300 Seattle, WA 98104-1799 (206) 624-2184 www.aclu-wa.org Table of Contents Introduction .......................................................................................................... 3 Executive Summary.......................................................................................... 5 Recommendations ............................................................................................. 11 I. BY CREATING A “NO PROTEST ZONE,” THE CITY NEEDLESSLY VIOLATED RIGHTS TO FREEDOM OF SPEECH AND ASSEMBLY Setting the Stage: Failure to Protect Delegates’ Rights to Assembly.......................... 15 Proper Security Measures: How to Protect Everyone’s Rights ................................... 16 The “No Protest Zone:” A Militarized Zone That Suspended Civil Liberties .......... 18 “No Protest Zone” Not Designed for Security .............................................................. 22 “No Protest Zone” Not Needed to Protect Property.................................................... 22 Ratification Process for Emergency Orders Flawed ..................................................... 23 Failure to Plan.................................................................................................................... 24 Lack of Information Not a Problem ...............................................................................
    [Show full text]
  • 2.86-Acres | 124395 Sf
    2.86-acres | 124,395 sf REQUEST FOR PROPOSALS: unique development opportunity premier seattle land site located in south lake union INVESTMENT CONTACTS: Lori Hill Rob Hielscher Bob Hunt Managing Director Managing Director Managing Director Capital Markets International Capital Public Institutions +1 206 971 7006 +1 415 395 4948 +1 206 607 1754 [email protected] [email protected] [email protected] 601 Union Street, Suite 2800, Seattle, WA 98101 +1 206 607 1700 jll.com/seattle TABLE OF CONTENTS Section I The Offering 4 Introduction Investment Highlights Site Summary Objectives and Requirements Transaction Guidelines Section II Project Overview & Development Potential 17 South Lake Union Map and Legend Project Overview Zoning Zoning Map seattle Development Considerations Development Potential Section III RFP Process and Requirements 34 Solicitation Schedule Instructions and Contacts RFP Requirements Evaluation Process Post Selection Process Disclosures Section IV Market Characteristics 50 Market Overview Market Comparables Neighborhood Summary Regional Economy Section V Appendices 74 NORTH See page 75-76 for List of Appendix Documents Copyright ©2018 Jones Lang LaSalle. All rights reserved. Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the property without express or implied warranties of any kind. The property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. Section I THE OFFERING 4 | Mercer Mega Block | Request for Proposals 520 REPLACE MERCER STREET LAKE UNION DEXTER AVE N ROY STREET ROY 99 NORTH Last large undeveloped site in South Lake Union | Mercer Mega Block | Request for Proposals 5 THE OFFERING INTRODUCTION MERCER MEGA BLOCK JLL is pleased to present the Mercer Mega Block, a 2.86-acre site acquisition opportunity.
    [Show full text]
  • Pike Place Market's Daffodil Day Brightens Downtown
    For Immediate Release Press Contact: Emily Crawford, Marketing and PR Manager Tel: 206.774.5278 [email protected] PIKE PLACE MARKET’S DAFFODIL DAY BRIGHTENS DOWNTOWN SEATTLE WITH THOUSANDS OF SPRING FLOWERS Celebrating spring’s arrival with the distribution of 10,000 locally grown daffodils SEATTLE – March 19, 2014 – Thousands of downtown residents, workers and visitors will receive a daffodil grown by Pike Place Market farmers on Thursday, March 20, 2014 as the Market brightens up corners of downtown Seattle with the distribution of 10,000 daffodils on the first day of spring. Market volunteers and community members will distribute the daffodils to passerby at 15 central downtown locations. Students from the Pike Market Child Care and Preschool will hand out flowers from 11:15 a.m. to 12 p.m. at Westlake Park. What: The 17th Annual Daffodil Day When: Thursday, March 20, 2014 Noon to 1 p.m. Where: 1st Avenue and University Street 1st Avenue and Lenora Street 2nd Avenue and Pike Street 2nd Avenue and Union Street 3rd Avenue and Union Street 4th Avenue and Pine Street 4th Avenue and Pike Street 4th Avenue and Virginia Street 4th Avenue and University Street 4th Avenue and Cherry Street Document Title Page 2 5th Avenue and Olive Street 5th Avenue and Pine Street 6th Avenue and Pike Street 6th Avenue and Pine Street Waterfront at Union Street The Pike Place Market is one of the oldest continuously operating public markets in the U.S. It is a Historic District with 250 commercial businesses, 80 farmers, 225 craftspeople, 400 street performers, and 500 residents.
    [Show full text]
  • SHERATON SEATTLE HOTEL 1400 Sixth Avenue Seattle, WA 98101 Phone (206) 621-9000 / Fax (206) 621-8441
    DRIVING DIRECTIONS TO THE SHERATON SEATTLE HOTEL 1400 Sixth Avenue Seattle, WA 98101 Phone (206) 621-9000 / Fax (206) 621-8441 www.sheraton.com/seattle HEADING NORTHBOUND ON I-5 (FROM PORTLAND/TACOMA) From I-5 North, take Exit #165 - Seneca Street (left hand side on the freeway). Stay to the right on the exit ramp and take a right onto 6th Avenue - Hotel entrance/Valet parking will be on the right side between Union and Pike Street. FROM THE SEATAC AIRPORT (I-5 NORTHBOUND) Depart SeaTac Airport following the signs to the freeways. Take Hwy 518 East to I-5 North (Seattle) and follow rest of directions from above. FROM THE SEATAC AIRPORT (509 NORTHBOUND - ALTERNATE ROUTE) Depart SeaTac Airport following the signs to the freeways. Take Hwy 518 West to the Seattle exit for 509 North. (509 will merge onto the Alaskan Way / Hwy 99.) Take exit for Seneca Street/1st Avenue, take a left onto 1st Avenue, and take a right onto Spring Street. Take a left onto 6th Avenue - Hotel entrance/Valet parking will be on the right side between Union and Pike Street. HEADING SOUTHBOUND ON I-5 (FROM CANADA AND AREAS NORTH OF SEATTLE) From I-5 South, take Exit #165B Union Street. Turn right at the 2nd traffic light onto 6th Avenue - Hotel entrance/Valet parking will be on the right side between Union and Pike Street. HEADING SOUTHBOUND (HWY 99/AURORA – ALTERNATE ROUTE) From Hwy 99 Southbound, take the City Center/Denny Street exit. Cross Denny Street to 7th Avenue (the street to the left of the Elephant Car Wash sign).
    [Show full text]
  • Events Rental Information
    Pike Place Market Events Rental Information Finding the Market Event Spaces Finding the Atrium Suite from under the Public Market Center “Clock” Sign: Enter the Market at First & Pike and follow the sidewalk straight back to Rachel the Piggybank. If you stand next to Rachel the Piggy Bank, under the Clock Sign, and face Pike Place Fish (the corner of Pike Street & Pike Place), there is an upward staircase on your left next to Sunny Honey Company. When you reach the top of the stairs, the Atrium Suite (Atrium Loft, Elliott Bay Room, Salish Room) is to the right and the Goodwin Library is to the left. The Atrium floor is visible from the mezzanine and accessible by the elevator. Finding the Atrium Suite from First Avenue & Pike Street: From First Avenue & Pike Street, between DeLaurenti’s and the newsstand, walk inside the Arcade (Economy Market Entrance) away from 1st Ave. There is a hallway on the left just past DeLaurenti's, opposite Seattle Bagel Bakery. The Atrium floor is just through the hallway to the left. To get to the Atrium Loft, take the elevator to the 3rd Floor. When you step off the elevator, the Atrium Suite (Atrium Loft, Elliott Bay Room, Salish Room) will be on the left and the Goodwin Library to the right. *Only accessible between 8:00am and 6:00pm. Finding the Atrium Floor and Kitchen The Atrium Kitchen is located on the ground floor of the Economy Building, on the corner of 1st Avenue and Pike Street. Enter the Economy Building at 1433 1st Avenue to the left of La Vaca.
    [Show full text]
  • Banana Republic Men's on Seattle's Fifth Avenue
    Banana Republic Men’s on Seattle’s Fifth Avenue 1512 5TH AVENUE | SEATTLE WA 98101 “ONCE IN A DECADE” RETAIL OPPORTUNITY Brynn Estelle Telkamp | JSH PROPERTIES | 206.264.0648 FIFTH AVENUE NEIGHBORS Downtown Seattle is a shoppers paradise with booming growth including new local retailers like Do The Extraordinary to national brands we know and love. SHOP SIP SEE& Banana Republic Men’s on Seattle’s Fifth Avenue 1512 5TH AVENUE | SEATTLE WA 98101 “ONCE IN A DECADE” RETAIL OPPORTUNITY Brynn Estelle Telkamp | JSH PROPERTIES | 206.264.0648 1600 Bell Plaza b E Convention Center daeH sraoB daeH boL ttayH boL s E E The Main Entrance ACT Theatre y Cafe Yu Cheesecake wa b tarbuck Su AVAILABL Timbuk 2 S Blue C Sushi Factory AVAILABL Nordstrom AVAILABL s Blueacre Restaurant Two Union ouse Anchor Coee Square Cicadio 7th Avenue Restaurant P Barnes & Regal Cinemas BCBG g AVAILABLE Noble Roosevelt rkin Daily Grill Sullivan’s One Union Cafe Hotel Pa Gameworks Steak House Square Tower Senso J Crew Seattle Walker’s Parking Building Unico l l Sheraton Gene Juarez re E Gril Hotel ParadisePark Place P wn ty o Hote Max Hote olitan Tower et k Parking ideli Garage Parking M.O.D. F artments Parking Forever 21 Ni Loulay AVAILABLE Il Din Thai Barneys NY AVAILABL Butch Blum Garage ap House Superfast T Kitchen & Bar Rider’s k American Appa Swin Key Bank Fornaio Fung Pizza Fed Ex METRO TRANSIT TUNNEL AVAIL. Paradise Avail. P Do The 6 HSBC Bank Plaza 600 6th Avenue 0 Star- Extraordinary 1,672 Building s Eileen bucks n H & M American Eagle ParkingParking Starbucks P zo
    [Show full text]
  • LAKE UNION Historical WALKING TOUR
    B HistoryLink.org Lake Union Walking Tour | Page 1 b Introduction: Lake Union the level of Lake Union. Two years later the waters of Salmon Bay were raised behind the his is a Cybertour of Seattle’s historic Chittenden Locks to the level of Lake Union. South Lake Union neighborhood, includ- Historical T As the Lake Washington Ship Canal’s ing the Cascade neighborhood and portions Walking tour Government Locks (now Hiram of the Denny Regrade. It was written Chittenden Locks) neared its 1917 and curated by Paula Becker with completion, the shores of Lake Union the assistance of Walt Crowley and sprouted dozens of boat yards. For Paul Dorpat. Map by Marie McCaffrey. most of the remaining years of the Preparation of this feature was under- twentieth century, Lake Union was written by Vulcan Inc., a Paul G. Allen one of the top wooden-boat building Company. This Cybertour begins at centers in the world, utilizing rot- Lake Union Park, then loosely follows resistant local Douglas fir for framing the course of the Westlake Streetcar, and Western Red Cedar for planking. with forays into the Cascade neighbor- During and after World War I, a hood and into the Seattle Center area. fleet of wooden vessels built locally for the war but never used was moored Seattle’s in the center of Lake Union. Before “Little Lake” completion of the George Washington ake Union is located just north of the Washington, Salmon Bay, and Puget Sound. Memorial Bridge (called Aurora Bridge) in L geographic center and downtown core A little more than six decades later, Mercer’s 1932, a number of tall-masted ships moored of the city of Seattle.
    [Show full text]
  • Queen Anne Historic Context Statement
    QUEEN ANNE HISTORIC CONTEXT STATEMENT Prepared by Florence K. Lentz and Mimi Sheridan For the Seattle Department of Neighborhoods, Historic Preservation Program and the Queen Anne Historical Society October 2005 The community of Queen Anne is one of Seattle’s oldest residential neighborhoods. Pioneer settler Thomas Mercer first called the forested, water-lapped district Eden Hill. By the mid-1880s, the growing suburb had acquired the name Queen Anne Town in reference to its showy domestic architecture. The character of this thoroughly urban neighborhood today is the result of several key influences, both physical and human. Natural features have both encouraged and restrained the development of Queen Anne over time. Waterways at the base of the hill virtually assured adjacent industrial growth from an early date. At the same time, steep topography limited the spread of large-scale commercial and industrial land uses on the hill itself. Instead, the hill became attractive as an early residential suburb because of its spectacular territorial and water views and its relative accessibility to the city. Queen Anne Hill was linked to Seattle by public transit in the late 1880s. Thereafter, streetcar lines fostered rapid platting, intensive residential construction, and the eventual emergence of multifamily housing – all within a brief forty-year period of time. The close-in location and unsurpassed views continue to stabilize the high value of real estate on the hill. Queen Anne’s character has been shaped as much by its human resources as by its physical features. The fact that progressive, well-educated families made the hill their home from the outset has left a lasting legacy.
    [Show full text]
  • How to Find Cedar River Group 93 Pike Street, Ste 315 Seattle, WA 98101 206-223-7660
    How to Find Cedar River Group 93 Pike Street, Ste 315 Seattle, WA 98101 206-223-7660 Our offices are in historic Pike Place Market, located in downtown Seattle. We are in the Economy Building at 1st and Pike, at the main entrance to the Market. We are on the third floor, just above DeLaurenti’s (Italian grocery/deli). Driving from the North From I-5: Take Exit 165A (James Street). Turn right (west) onto James Street. James merges with Yesler Street near 1st Avenue. Continue across 1st Ave and turn right (north) onto Western Ave. Continue with parking directions below. From Hwy 99: Go through the Battery Street Tunnel and immediately turn right (west) onto Battery Street. Continue down the hill to Elliott Avenue. Turn left (south) onto Elliott and continue past the entrance to Southbound 99 until Elliott merges with Western Ave (at Lenora Street). Continue with parking directions below. Driving from the South From I-5: Take Exit 164A (Dearborn St./James St.), staying in the left lane until you get to the Madison Street exit on the right. Take Madison Street exit and turn left (west) onto Madison Street, continue down the hill to Western Ave. Turn right (north) onto Western. Continue with parking directions below. From Hwy 99: Take Seneca Street exit. Turn right (south) onto 1st Ave. Continue two blocks to Madison Street and turn right (west) onto Madison. Turn right (north) onto Western Ave. Continue with parking directions below. Parking and Finding Us 1. Street parking may be available on Western Avenue, between Union and Lenora Streets.
    [Show full text]