Stadium Place, also known as the North Lot Development, is a

mixed-use development Mixed-use is a kind of urban development, urban design, urban planning and/or a zoning type that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some ...

project in the Pioneer Square neighborhood of

Seattle Seattle ( ) is a seaport city on the West Coast of the United States. It is the seat of King County, Washington. With a 2020 population of 737,015, it is the largest city in both the state of Washington and the Pacific Northwest regio ...

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered on ...

, replacing a

parking lot A parking lot (American English) or car park (British English), also known as a car lot, is a cleared area intended for parking vehicles. The term usually refers to an area dedicated only for parking, with a durable or semi-durable surface ...

north of

Lumen Field Lumen Field is a multi-purpose stadium in Seattle, Washington, United States. Located in the city's SoDo neighborhood, it is the home field for the Seattle Seahawks of the National Football League (NFL), the Seattle Sea Dragons of the XFL, the ...

. The first phase of the project, located on the west side of 2nd Avenue South, was completed in 2014 and consists of The Wave, a 26-story residential high-rise building, and The Nolo, a 10-story apartment building. The second phase, on the east side, will be completed in 2017 and consist of an

office building An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific dut ...

named Hawk Tower and an

Embassy Suites Embassy Suites by Hilton is a chain of upper upscale all-suite hotels trademarked by Hilton Worldwide. As of December 31, 2019, there are 257 locations in five countries and territories with 59,712 rooms. Similar to other Hilton brands, 212 Em ...

hotel.

Buildings

Stadium Place consists of four buildings on two blocks along South King Street: *The Wave: a 26-story, residential high-rise with

condominium A condominium (or condo for short) is an ownership structure whereby a building is divided into several units that are each separately owned, surrounded by common areas that are jointly owned. The term can be applied to the building or complex ...

s (opened in 2014) *The Nolo, a 10-story apartment building (opened in 2013) *Hawk Tower: a 21-story

partially leased by Avalara, to open in 2017

Financing

Daniels Real Estate and R.D. Merrill have partnered to develop the almost $200 million project. As of February 2009, $20 million in a $51.5 million securities offering had been raised for the initial phase. The construction lender is Pacific Life Insurance Company. The project also used $300 million in

EB-5 visa The United States EB-5 visa, ''employment-based fifth preference category'' or ''EB-5 Immigrant Investor Visa Program'', created in 1990 by the Immigration Act of 1990, provides a method for eligible Immigrant investor programs, immigrant investo ...

financing from foreign nationals.

Construction

Construction on the first phase began with a

groundbreaking ceremony Groundbreaking, also known as cutting, sod-cutting, turning the first sod, or a sod-turning ceremony, is a traditional ceremony in many cultures that celebrates the first day of construction for a building or other project. Such ceremonies are o ...

held on September 27, 2011. The first phase, built by JTM Contractors, is the western block's podium topped by two residential towers. The four-story base includes apartments, retail space, and a parking garage. The two towers on the western block are The Wave, a 26-story high-rise with 333 units, and The Nolo, a 10-story apartment building with more than 100 units. The Wave's structure consists of multistory glass-clad boxes indirectly stacked atop one another and was designed by Zimmer Gunsul Frasca Architects. Approval of the design by the Pioneer Square Preservation Board was required to ensure that the architecture was appropriate for the historical neighborhood. Local covenant required that key views from the stadium of the

Space Needle The Space Needle is an observation tower in Seattle, Washington, United States. Considered to be an icon of the city, it has been designated a Seattle landmark. Located in the Lower Queen Anne neighborhood, it was built in the Seattle Center f ...

and the historic clock tower of

King Street Station King Street Station is a train station in Seattle, Washington, United States. It is served by Amtrak's '' Cascades'', ''Coast Starlight'', and ''Empire Builder'', as well as Sounder commuter trains run by Sound Transit. The station also anchor ...

were to be protected. Residents in the upper floors of the south tower are given a partial view of the play taking place within the neighboring stadium. Of the 500 apartments throughout the first phase's complex, only about 30 units will be set aside for low-income residents. The Nolo was completed and opened in September 2013, while The Wave was opened in 2014. Construction on the second phase, consisting of a 23-story hotel and 21-story office building, began in September 2014 and is expected to last until 2017.

References

External links

North Lot
developer's site {{Seattle skyscrapers Residential skyscrapers in Seattle Skyscraper hotels in Seattle Skyscraper office buildings in Seattle Buildings and structures under construction in the United States