Seattle, Washington’s South Lake Union is going through a rebirth. With demand for office space from the city’s central business district as well as out-of-state tech companies looking to expand into the Pacific Northwest, Kilroy Realty seized the chance to secure the very last block available in the SLU to develop a top-notch workplace experience built precisely for the flex and speed of the tech age.
Just blocks from the Space Needle and Experience Music Project, 333 Dexter will soon be transformed into a new 580,000 sf mixed-use office building that will provide street-level retail and food services, generous open spaces, pedestrian-oriented streetscape, and thousands of jobs - a godsend for highly-skilled millennials craving a well-executed, flexible, accessible and work-play collaborative experience. The 11 and 12-story towers, each with 24,000 sf floor plates will join on some floors, creating a 60,000 sf super floor opportunity ideal for ever-growing companies. With open-air roof decks and large window walls, tenants will have visual connections to the water, mountains, and neighborhood from all angles. The property will be accessible directly by public transportation following the completion of the SR-99 tunnel and installation of signalized intersections at Harrison and Thomas streets (which border the 333 Dexter project) creating a better pedestrian and bicycle environment.
Kilroy already has a foothold in the Puget Sound area, owning and managing about 2.1 million square feet of Class A office space, home to companies like Concur, Tableau and Microsoft. When asked about the decision to undertake 333 Dexter, Kilroy Realty President and CEO John Kilroy said, “We understand how environments shape human creativity and productivity, and South Lake Union is our kind of area. […] We embrace Seattle’s focus on walkability and sustainability — it is a natural project for us.”
Construction is slated to begin in 2016, with occupancy in 2018.