Paradigm Tax Group Industry News

Paradigm Tax Group Industry News

Stay informed with the most current Industry News that affects your business and impacts property taxes across the nation.

    Amazon Proposes Fourth Downtown Seattle Block Design

    18 Nov, 2014

    Today, a city board will review the early designs of two concepts that is proposing for the fourth block of its downtown Seattle high-rise campus. Both concepts, located on the block between Seventh and Eighth avenues, would include a 24-story tower and a six-story building. For the larger option, a third, single-story building is planned and Amazon is requesting that the city "vacates" an existing alley, which would allow the three-building project and a mid-block pedestrian connection open to the public. It would total 835,200 square feet of office, 35,000 square feet of retail and 835 stalls of underground parking.

    According to the Puget Business Journal, getting the city to vacate an alley can be difficult, though Amazon convinced Seattle to do this for the first phases of the four-block project. Groups that seek alley vacations typically pay the city for the property and offer "public benefits," such as open space. Therefore, it will be the second option. The first option calls for 777,600 square feet of office, 37,900 square feet of retail, and 777 stalls of underground parking. There would be some open space around the perimeters of the buildings. All together, the four blocks would have a total of around 4.1 million square feet of space in four high-rises and some shorter buildings, including a spherical-shaped building on Lenora Street between Sixth and Seventh avenues. This will be in the second block, which is under construction, along with the first block to the south.

    For the full article and photos of the design concepts from the Puget Business Journal, click here.


    Topics: Office, Construction, Real Property, Hi-Tech, Retail, Oregon