Monthly Archives: December 2017

KeyArena Redevelopment Progresses with MOU

By Joe Veyera

A more than $600 million plan to redevelop KeyArena with the hopes of luring professional hockey and men’s basketball to Seattle moved one step closer to reality on Monday, after the Seattle City Council voted 7-1 to approve a memorandum of understanding with the Oak View Group.

Councilmember Mike O’Brien was the lone dissenting vote, while Lorena Gonzalez was not in attendance.

Under the agreement, OVG is responsible for the entirety of project costs, in addition to overruns, along with $40 million in neighborhood transportation improvements over the term of a 39-year lease, as informed by a mobility action plan also paid for by the group.

Construction is expected to begin by the end of next year, with an opening of the renovated venue in October 2020.

KeyArena in its current state. Photo by Joe Veyera

KeyArena in its current state. Photo by Joe Veyera

“This redevelopment unlocks the potential for the best new arena for sports, entertainment, high-tech expos, concerts and more — with partners who have already demonstrated their commitment to partnering with the City for success,” she said.

In a separate statement, Councilmember Teresa Mosqueda said she was, “proud to support a project aligned with the progressive values and shared prosperity for which Seattle is now legendary,” as she cast her first vote.

“We are experiencing a unique moment in our City’s history and with it comes an opportunity to preserve one of our cities most iconic public assets for the benefit of the public good,” she said. “This project recreates a world-class, multi-purpose sports and entertainment facility (including women’s sports!) which will become a cherished part of Seattle’s legacy.

Monday’s vote, while a key milestone in the process, won’t be the last one by the council. The MOU provides a framework for a development agreement, lease agreement, and Seattle Center Integration Agreement, all of which still require council approval in the coming months.

Syndicated from the QueenAnneNews.com

Queen Anne Real Estate Report – November 2017

The Seattle real estate market is still one of the most talked about in the nation. Though that hasn’t changed, many home prices have. There were 63 sales in the Queen Anne neighborhood last month, 31 single-family homes and 32 condos.

Sold this year by Ewing and Clark

As Seattle grows, so does the value of the homes. The median sales price for a single-family home jumped from $935,000 (Nov. 2016) to $1,042,000 (Nov. 2017). The average selling price was $1,346,971 and the average listing price was $1,390,692. The highest sold listing was $6,200,000, compared to $2,850,000 in November 2016.

Condominium sales in Queen Anne continue to rise in price. The median sales price increased from $352,500 (Nov. 2016) to $467,500 (Nov. 2017). The average selling price was $524,075. The highest sold condo was recorded at $1,175,000 and the lowest was $179,000.

There are currently 42 active listings and 60 pending.

 

December 13th is a Design Review for an 8-Story Interbay Apartment Building

By Joe Veyera

A proposed eight-story development in Interbay with nearly 100 apartments will again go before the West Design Review Board later this month.

A recommendation phase meeting for the project is set for Dec. 13 at 6:30 p.m. at the Queen Anne Community Center (1901 1st Ave. W.), almost 10 months after architects received positive feedback on the plan during early design guidance.

The proposal for 3008 16th Ave. W. currently calls for 93 residential units and 45 parking spaces; down one apartment and eight spots from what was presented in February.

At that meeting, the board expressed its support for the project’s preferred “Jewel Box,” massing option, and how it affected the configuration of its units (providing both a north or south view in addition to one of 15th Avenue West), and a rooftop common room.

The board also encouraged the continued development of an, “articulated, modulated, and textured design expression,” to keep the design from becoming merely a flat cube, and wanted to see a potential blank façade on the building’s north side be further studied, both in terms how it would interact with future development and how to integrate art or another cultural reflection in the meantime.

Pastakia + Associates and Teutsch Partners are the developers for the site, with Urbal Architecture serving as project architects. That firm lists the, “contrasting composition [which] consists of a grounded base and light upper stories with shimmering, airy details,” and, “contemporary facades with a mix of highly transparent materials, vertical metal siding and unique geometric angles,” as among the project’s key features on its website.

Comments on site planning and design issues regarding the development may be submitted through Dec. 12 via email to PRC@seattle.gov, or to City of Seattle – Seattle DCI – PRC, 700 5th Avenue, Suite 2000, PO Box 34019, Seattle, WA 98124-4019.

For more information on the development, and a full list of documents, visit web6.seattle.gov/dpd/edms/ and enter project number 3026027.

Syndicated from QueenAnneNews.com