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Pioneer Square’s Rising Skyline

By August 13, 2013

Apartments, Nolo, Pioneer Square

A glowing sunset over the weekend provided a beautiful  backdrop for the soon-to-open Stadium Place just north of CenturyLink Field. I had just left the Mariners game and had to take a photo. It’s exciting to see this complex – billed as the “largest transit-oriented development on the West Coast” – beginning to take shape. Stadium Place will inject more than 500 upscale apartments into Pioneer Square and if the impressive lease-up at The Post Seattle (more details below) is any indication, there is strong demand for this new inventory.

The "Wave" rises as the sun sets.

The Wave at Stadium Place rises as the sun sets.

The Nolo, the first phase of Stadium Place, opens in a few weeks. The 11-story building houses 179 loft-style apartments. I’m looking forward to touring Nolo and we’ll post a photo and video review here. That said, I’m more excited about The Wave (pictured above), the second and larger apartment tower at Stadium Place. Here’s the view of The Wave from North Beacon Hill…IMG_4012 IMG_4010

As you can see, the 26-story Wave has already changed the Pioneer Square skyline. Check out how the building has progressed in the past few months in this video provided by co-developer Pillar Properties…

http://vimeo.com/62357461

I like the jagged, all-glass exterior and I look forward to seeing the view from the inside. In the meantime, you can check out more photos and see the available amenities on the Stadium Place website, which came online last week. You can also see other renderings and schedule a tour.

According to Pillar Properties, a branch of R.D. Merrill, The Nolo is already 15% leased and it doesn’t open until September 1st. The market response will continue to be strong if The Post Seattle, a few blocks north, is any indication. We toured and reviewed the 16-story modern apartment building last November. Today, the 208-unit complex is at 92% leased, despite the fact that the rents are on the higher side at more than $3 per sq. ft.

“This is one of the fastest lease ups that I’ve ever done,” said Brandy Ramsey, leasing manager at The Post. “We’ve had an extremely positive response.”

Ramsey said interest in the building’s amenities, location and stunning views exceeded expectations and rents are trending around $3.09 to $3.11 per sq. ft, beating the developer’s goal of $3.

Instead of seeing Stadium Place as competition, Ramsey said their new neighbor will be a great companion as they will add to the vibrant color of Pioneer Square. Aside from The Wave and The Nolo, Stadium Place will feature a new hotel, office and retail space.

“I think they’re going to do a fabulous job and it’s only going to make the neighborhood better,” she said.

A rendering of what Stadium Place may look like when its completed.

A rendering of what Stadium Place may look like when its completed.