505 Madison

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Madison Centre
505 Madison Street (Seattle, Washington).jpg
Alternative names M5 Commerce Centre
General information
Status Proposed
Type Office
Location Seattle, Washington
Coordinates 47°36′23″N 122°19′53″W / 47.606468°N 122.331282°W / 47.606468; -122.331282Coordinates: 47°36′23″N 122°19′53″W / 47.606468°N 122.331282°W / 47.606468; -122.331282
Construction started 2013
Estimated completion 2015
Opening 2016
Owner Schnitzer West
Management Schnitzer West
Height
Roof 550 ft (170 m)
Technical details
Floor count 36
Floor area 750,000 sq ft (70,000 m2)
Design and construction
Architect NBBJ
Developer Schnitzer West
Structural engineer DCI Engineers
Main contractor Sellen Construction
References
[1]

Madison Centre, formerly known as M5 Commerce Centre, is a 550-foot (170 m) tall skyscraper planned for the Downtown district in Seattle, Washington. It is scheduled to be completed in 2015 and have 36 floors. Upon its completion, it would be one of the tallest buildings in Seattle.

Schnitzer West bought the existing property at the site and hoped to begin construction of a skyscraper as early as 2008.[2] In the meantime, however, the late-2000s recession struck the economy and consequently the fate of many commercial real estate projects came under doubt, including 505 Madison.[3] Further development of the project hinged on securing a sufficient number of preleases by 2009,[4] which did not occur.[5]

As of 2012, the project is being revived and the developer is seeking permits to start construction.[1]

See also[edit]

References[edit]

  1. ^ a b Eric Pryne (April 25, 2012). "Schnitzer West revives plan for 36-story office tower downtown". The Seattle Times. 
  2. ^ James, Andrea (March 14, 2007). "More office space at College Club site". Seattle Post-Intelligencer. 
  3. ^ Shevory, Kristina (October 21, 2008). "Even in Resilient Seattle, Office Vacancy Rate Is Rising". New York Times. 
  4. ^ Porter, Lynn (November 10, 2008). "Seattle commercial real estate players: 'We're not immune'". Seattle Daily Journal of Commerce. 
  5. ^ Holden, Dominic (April 7, 2009). "Re: Boom Forever". SLOG.