Madison Centre
| Madison Centre | |
|---|---|
.jpg) | |
 | |
| Former names | M5 Commerce Centre, 505 Madison |
| General information | |
| Status | Under construction |
| Type | Office |
| Location | 910 5th Avenue, Seattle, Washington 98104 |
| Construction started | 2014 |
| Estimated completion | 2015 |
| Opening | 2016 |
| Owner | Schnitzer West |
| Management | Schnitzer West |
| Height | |
| Roof | 530 ft (160 m) |
| Technical details | |
| Floor count | 36 |
| Floor area | 750,000 sq ft (70,000 m2) |
| Design and construction | |
| Architect(s) | NBBJ |
| Developer | Schnitzer West |
| Structural engineer | DCI Engineers |
| Main contractor | Sellen Construction |
| Other information | |
| Parking | 480 underground |
Madison Centre (formerly known as M5 Commerce Centre) is a 530-foot (160 m) tall skyscraper under construction in the Downtown district in Seattle, Washington. It is scheduled to be completed in 2016 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.[1] 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.[2] Further development of the project hinged on securing a sufficient number of preleases by 2009,[3] which did not occur.[4]
In 2012, the project was revived and the developer began seeking permits to start construction.[5] Demolition of the pre-existing buildings on the site began in early September 2014.
See also
References
- ^ James, Andrea (March 14, 2007). "More office space at College Club site". Seattle Post-Intelligencer.
- ^ Shevory, Kristina (October 21, 2008). "Even in Resilient Seattle, Office Vacancy Rate Is Rising". New York Times.
- ^ Porter, Lynn (November 10, 2008). "Seattle commercial real estate players: 'We're not immune'". Seattle Daily Journal of Commerce.
- ^ Holden, Dominic (April 7, 2009). "Re: Boom Forever". SLOG.
- ^ Eric Pryne (April 25, 2012). "Schnitzer West revives plan for 36-story office tower downtown". The Seattle Times.