Photo: Hammerin Man/Flickr
There is more active development projects happening now in downtown Seattle than any other time since 2005, according to a report released this week by the Downtown Seattle Association.
The non-profit organization’s findings confirm what many Seattleites already know from seeing the downtown core rise and expand rapidly.
In its annual mid-year report that quantifies building activity in the core of the city, the DSA found that there are 106 projects that are either “under construction, about to break ground or completed since January 2014.”
According to the report, residential projects dominate the construction landscape. There are 28 residential projects under construction in the downtown area and it’s estimated that these proposed condo and apartment structures will deliver a total of 6,428 units.
One of the city’s largest residential projects to hit the market since 2009, the Insignia Towers, contains 700 units — 350 units in each tower. The south tower just reached occupancy and units in the north tower are for sale now. To put that unit count in perspective, a total of 409 units were under construction in all of downtown Seattle at the end of 2010.
Commercial office buildings also made up a significant portion of projects currently under construction. Commercial construction is four times higher than activity levels seen in 2013, partly due to the surge of tech companies like Amazon, Facebook, Twitter and reportedly now Apple who are now moving teams of employees into the downtown region.
Amazon alone already owns 4.1 million square feet of office space throughout South Lake Union and downtown Seattle. DSA reports Amazon is looking to add an additional five million square feet of space in the South Lake Union and Denny Triangle neighborhoods by end of year.