Pike Place Photo: Tom Bridge/Flickr

Seattle’s waterfront is already in the midst of a massive update that will see the Alaskan Way Viaduct demolished, the Elliott Bay Seawall rebuilt and millions spent on expanding the iconic Pike Place Market. The multi-phase project is expected to cost more than $1 billion.

And now it appears as though the Pike Place Market area is in for even more change, as Unico Properties has announced plans for significant updates and renovations to the Market Place I and II office campus north of the market.

The Puget Sound Business Journal reported that the Seattle-based real estate company is looking to “extend the Pike Place Market experience” with the project.

Renovations to the facades of the four- and seven-story buildings as well as upgrades to the plaza and lobbies are planned. According to the Journal’s reporter Marc Stiles, the long-standing Market restaurant, Cutters, will be also upgraded and 10,000 square foot retail space will be created near the restaurant.

In June, crews broke ground on the “MarketFront” expansion of Pike Place Market that will provide 30,000 square feet of new public once complete.

Work on the expansion to the 100-year-old Seattle icon is expected to cost $73 million and is scheduled to be completed by early 2017.

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