More than 1,000 Seattle apts are under construction or in the development stage in the fast-changing neighborhood of South Lake Union.
The Seattle Times is located in an 81 year old historic building in South Lake Union. They are marketing to developers but the 2.5 acre block is not for sale but is listed as a ground lease.
The Times will move to a new larger building.
“Our overall objective is to see all assets contribute positively to the bottom line in support of our journalistic mission,” Times spokeswoman Jill Mackie said.
South Lake Union has become a sought after development site in recent years with headquarters for Amazon.com’s new 1.7-million-square-foot headquarters complex only steps away from the current Times building.
Another 300,000 square feet of office buildings in South Lake Union have been proposed in addition to the Seattle apts according to http://seattletimes.nwsource.com/html/businesstechnology/2016465156_timeshq11.html.
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