Broadway Building’s Retail 75% Leased
Got a press release the other day saying that the Broadway Building at Broadway and Pine is 75% leased which I found pretty surprising given that the building just went up and there seems to be a lot of retail sitting empty around here in the Pike and Pine corridor.
Retailers moving in include:
- Panera Bread is a bakery-cafÃ© featuring made-to-order sandwiches, salads and soups.
- Using fresh, organic ingredients, Z Pizza offers a variety of healthy pizzas, pastas, salads and sandwiches.
- Genki Sushi, which also has a lower Queen Anne location, is a conveyor-belt sushi restaurant known for its modern dÃ©cor and affordable food.
- Headquartered in Bellevue, WA, Emerald City Smoothie caters to health-conscious customers by providing smoothies high in vitamins, proteins and minerals.
- Javelin Fitness is a local fitness company offering personal training services, small group sessions and yoga classes.
I walked by the building this afternoon and I must say I don’t like it. I’m going to have to agree with David Miller’s quote in the CHS blog post, How to design a big, mixed-use building that Capitol Hill likes:
I think there needs to be more of a focus on buildings that are simple and elegant. Some of the new multifamily buildings in Seattle are too complicated with so many different setbacks and materials. I think new buildings need to focus on rationality and simplicity.
Click through for the full press release.
Capitol Hillâ€™s Broadway Building Attracts Health Focused Retailers and Personal Services Providers
With 75% retail space now rented, the Broadway Building announces first six tenants
SEATTLE (May 18, 2010)â€“ Residents of the new mixed-use building on Capitol Hill will be steps away from interesting new restaurants and convenient services, as Capitol Hill-based developer Hunters Capital announces the first six retail tenants confirmed for the Broadway Building. Located on the western edge of Cal Anderson Park in the heart of Capitol Hill, the Broadway Building will be home to Panera Bread, Z Pizza, Genki Sushi, Emerald City Smoothie, Javelin Fitness, and Bank of America.
About the retailers:
Â· Panera Bread is a bakery-cafÃ© featuring made-to-order sandwiches, salads and soups.
Â· Using fresh, organic ingredients, Z Pizza offers a variety of healthy pizzas, pastas, salads and sandwiches.
Â· Genki Sushi, which also has a lower Queen Anne location, is a conveyor-belt sushi restaurant known for its modern dÃ©cor and affordable food.
Â· Headquartered in Bellevue, WA, Emerald City Smoothie caters to health-conscious customers by providing smoothies high in vitamins, proteins and minerals.
Â· Javelin Fitness is a local fitness company offering personal training services, small group sessions and yoga classes.
Â· Bank of America will provide ATM service at the Broadway Building.
Retailers at the Broadway Building are expected to be open for business this summer. The project team, along with developer Hunters Capital, includes the architect, Studio Meng Strazzara, and the contractor, W.G. Clark.
â€œThe fact that we are already 75% leased, in this economy, is outstanding,â€ says Michael Malone of Hunters Capital. â€œIt really speaks to the vibrancy of the Capitol Hill neighborhood, this great location, and the buildingâ€™s innovative design.â€
In addition to the 14,000 square feet of ground level retail space, the Broadway Building provides a total of 12,000 square feet of new offices, divided into smaller spaces, also accessed by a separate entrance. The office space is unique to the neighborhood for the size, new construction in a leased space, and amenities, which includes 750 square feet of shared conference space and a kitchen. And with neighborhood parking in short supply, a two-floor underground garage containing 168 spaces will provide parking for tenants and pay parking for the neighborhood.
Above the retail and office space, the Broadway Building includes 94 market-rate apartments, ranging from 400 to 1,523 square feet targeted at urban-loving professionals. A soaring 20-foot ceiling in the lobby, which looks out over Cal Anderson Park, and luxe finishes for all the interiors make these apartments look more like high-end condominiums. Sustainable design and construction make this a â€œgreenâ€ building, with an emphasis on healthy indoor air.
A separate dedicated wing will provide housing for international students attending Seattle Central Community College (SCCC). The apartments and the student housing will each have its own separate entrance, lobby area, elevators and even street address. This is the first time ever that a Seattle Community College will offer campus-leased housing.
Currently the office space is 45% leased, and the residential space is 43% leased.
About the Broadway Building:
The Broadway Building is located at 1650 Broadway in the Pike/Pine neighborhood of Capitol Hill (bordering Cal Anderson Park). Project partners include: developer Hunters Capital, architect firm Studio Meng Strazzara and contractor W.G. Clark Construction. For more information, visit www.broadwaybuilding.com.