Samiksha Jaiswal (Editor)

Madison Centre

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Status
  
Topped-out

Roof
  
530 ft (160 m)

Construction started
  
September 2014

Floor area
  
9 ha

Estimated completion
  
2017

Type
  
Office

Developer
  
Schnitzer West

Height
  
162 m

Architecture firm
  
Floor count
  
36

Madison Centre cdnskyrisecitiescomsitesdefaultfilesimagesa

Former names
  
M5 Commerce Centre, 505 Madison

Location
  
910 5th Avenue, Seattle, Washington 98104

Similar
  
The Mark, 2nd & Pine, Potala Tower, Doppler, 1918 Eighth Avenue

The Madison Centre (formerly known as M5 Commerce Centre and 505 Madison) is a 530-foot (160 m) tall skyscraper under construction in Seattle, Washington. It is scheduled to be completed in 2017 and have 36 floors of office space totaling 950,000 square feet (88,000 m2) of gross leasable area. Upon its completion, it would be the eleventh tallest building in Seattle. It is located at the intersection of 5th Avenue and Madison Street in Downtown Seattle, adjacent to the Seattle Central Library and William Kenzo Nakamura United States Courthouse.

Map of 505 Madison, Seattle, WA 98104, USA

Schnitzer West bought the existing property at the site and hoped to begin construction of a skyscraper as early as 2008. In the meantime, however, the late-2000s recession struck the economy and consequently the fate of many commercial real estate projects came under doubt, including 505 Madison. Further development of the project hinged on securing a sufficient number of preleases by 2009, which did not occur.

In 2012, the project was revived and the developer began seeking permits to start construction. Demolition of the pre-existing buildings on the site began in early September 2014.

In February 2016, Touchstone Corporation announced that it would enter a joint venture with Schnitzer West to develop the Madison Centre, contributing $150 million in equity and a construction loan.

References

Madison Centre Wikipedia


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