Hudson Pacific Plans Office Tower Near Convention Center Addition
The Los Angeles company paid $86M for development rights
May 29, 2019By Rob Smith
A Los Angeles developer will build a 16-story office tower next to the new wing of the Washington State Convention Center in downtown Seattle.
Hudson Pacific Properties plans a 568,000-square-foot building with ground-floor retail space. The company paid $86 million for the building rights and plans to spend up to $$350 million developing the building. Construction could be complete by 2021.
The tower will be at the intersection of Boren Avenue and Olive Way in the Denny Triangle neighborhood. Hudson said it plans to own the building going forward.
Building on our existing investment portfolio in the Denny Triangle area, this project positions Hudson Pacific to play an important role in the ongoing transformation of this vibrant area of downtown Seattle, said Andy Wattula, senior vice president, Pacific Northwest, for Hudson Pacific.
Hudson Pacific also owns Hill 7 in the neighborhood, a 285,000-square-foot, 11-story office building.
The $1.7 billion convention center expansion broke ground last August and is slated for completion in 2022. It comes on the heels of a record-breaking year for conventions.