Vulcan begins construction on 1255 Harrison Street apartments
The Puget Sound Business Journal shared this month that Vulcan Real Estate is starting construction on a full-block apartment project at 1255 Harrison Street, a project that will result in 384 apartments and a way to promote cleaner water in Lake Union, Washington. This development comes as an addition to the three buildings in South Lake Union that Vulcan is finishing. Runberg Architecture Group is designing the complex. See our rendering above.
Long-term lease secured at former New York Times building
229 West 43rd St, also known as the former New York Times Building was in the news in August after securing a new tenant, Outstanding Hospitality Management Group. According to Bisnow NY, Outstanding Hospitality Management Group signed a 12,000-square-foot, 15-year lease at the Kushner Companies’ famed building. The site will be the location of American Market, a food hall from celebrity chef Todd English. Real Estate Weekly shares that with this deal, Kushner Cos. has now fully leased its 250,000-square-foot retail condo in the New York Times Building, which it purchased in 2015. Other tenants will include the 49,000-square-foot Gulliver’s Gate, the 60,000-square-foot National Geographic exhibit and the first brick-and-mortar location for Los Tacos No. 1. See our rendering of the building above.
Valve moves to Lincoln Square expansion
Popular gaming developer Valve has leased space at the Lincoln Square office tower, which is currently under construction. In an article, Downtown Bellevue shared our rendering of the development and reported that Valve has leased 225,000 square feet on floors 11-19. This new location increases the company’s footprint in the city by about 100,000 square feet, putting Valve “on the list of the largest companies in terms of office space in downtown Bellevue,” said Jim Melby, president of Kemper Development Company. Valve plans to move into the new space in May 2017.
Boston Landing MBTA station makes progress
In a Boston Landing update from Wicked Local Allston, steel frames are rising along the Massachusetts Turnpike for the development’s station with an expected opening date of April 2017. Hailed as an example for the future of public infrastructure, the NB Development Group is overseeing the construction of the commuter rail station as part of the Boston Landing project, where New Balance recently opened its world headquarters. The station will open alongside a 275-unit apartment complex, a boutique hotel, the practice facility for the Boston Bruins and Celtics and a track and field complex.