Photo: Rainier Square
Amazon signed a lease this week for the whole office portion of a planned downtown skyscraper called Rainier Square. The building will become the second-tallest building in the Pacific Northwest when it opens in three years, reports the Seattle Times.
Amazon will occupy about 722,000 square feet in the development with room for more than 3,500 additional employees. The tech giant already takes up 20 percent of office space in the city and this latest addition will be the largest Class A office space used by any company in Seattle.
Rainier Square, located at Fourth Avenue and Union Street, is about a half-mile south of Amazon’s South Lake Union and Denny Triangle offices. The $570 million project is being built on University of Washington property and will also include 200 luxury apartments, retail and an adjacent luxury hotel.
Three years ago, University of Washington’s Board of Regents selected Wright Runstad to redevelop Rainier Square. The company was granted an 80-year ground lease.
The retail in the building will include an Equinox fitness club and a 20,000-square-foot organic food market with the operator to be named, reports PSBJ.