VULCANS LAKEFRONT PROJECT, SOUTH LAKE UNION

REAL ESTATE FACT SHEET

Vulcans Lakefront project consists of four 6-story mid-rise buildings

totaling approximately 621,000 square feet of new office and retail space in
South Lake Union. The project also includes 151 units of market rate rental
apartments. Below-grade parking is provided at approximately 1 space per
1,000 square feet.

OVERVIEW

PROJECT
DESCRIPTION
Site
Block 31
(2 buildings)
Block 25W
(1 building)
Block 25E
(1 building)
Total
(4 buildings)

LOCATION

Office
SF

Retail
SF

Total
Commercial Residential.
SF
Units

Total
Parking
Spaces

291,000 10,000

301,000

81

371

139,000

4,000

143,000

70

215

177,000

177,000

226

621,000

151

812

607,000 14,000

The proposed buildings are located on two of the Lakefront Blocks

between Mercer and Valley Streets and Terry and Fairview Avenues N.
Includes buildings on the west and east sides of Boren Avenue N. and the
west side of Fairview Avenue N.
As a transit-oriented development, the project is situated on the South
Lake Union line of the Seattle Streetcar in close proximity to both the Terry
& Mercer and Lake Union Park streetcar stops.

TIMELINE

The project is scheduled to start construction by 2017 and completion is

slated for 2019. Google will lease all of the office space with lease terms
ranging from 14 years to 16 years.

RETAIL
AMENITIES

The buildings will include approximately 14,000 square feet of retail space
along Valley Street and Terry Avenue N, complementing the growing retail
amenities already in the neighborhood. The retail space will be leased out
and managed by Vulcan.

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APARTMENT
COMPONENT

The 151 apartment units will be located in two 8 to 9 story structures sitting
atop the Google offices at the corner Boren and Valley and the corner of
Terry and Mercer. They will feature:

Unobstructed views of Lake Union, city skyline, Space Needle

Rooftop deck, fitness center, community room
Condo finishes including engineered wood flooring and quartz
countertops

The apartments will be leased out and managed by Vulcan.

SUSTAINABLE
BUILDINGS

The project will be developed as eco-friendly, targeting LEED Gold

certification and Salmon-Safe accreditation.

INCENTIVE
ZONING FEES

Vulcan will also contribute approximately $4.3 million in incentive zoning

fees for affordable housing and daycare.

PROJECT
DESIGN

The project design takes cues from city/neighborhood plans and will
feature:

DEVELOPERS
PROJECT
TEAM

MEDIA
CONTACTS

Larger building setbacks than required to increase the amount of public

open space
Pedestrian-friendly cross-block woonerf
Retail amenities on Terry Avenue N. and Valley Street.
Cyclist-friendly amenities with public bike racks, and tenant locker
rooms and showers.

Developer: Vulcan Inc.

Architect: Graphite Design Group and Runberg Architecture Group
General Contractor: GLY
Landscape Architect: Hewitt
Structural Engineer: Coughlin Porter Lundeen
Civil Engineer: Coughlin Porter Lundeen
Legal Services: Foster Pepper PLLC
Land Use Legal Services: Hillis Clark Martin & Peterson P.S.

Lori Mason Curran, Vulcan Inc., (206) 342-2000, LoriC@vulcan.com

Maks Goldenshteyn for Vulcan (206) 686-6435, Maks@allisonpr.com
Erin Cawley Morse for Google, (206) 473-9223 or ecawleymorse@cplusc.com

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