Alternative names Tower 12 Apartments Type Residential Architectural 392 feet (119 m) Floors 34 Estimated completion April 2017 Number of units 314 | Status Topped-out Cost $75,000,000 Floor count 34 Architecture firm MG2 Groundbreaking 27 March 2015 | |
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Address 2015 2nd Avenue; Seattle, Washington Similar Madison Centre, 2nd & Pine, The Mark, Potala Tower, Doppler | ||
Tower 12 is an under-construction apartment building in Seattle, Washington. The 34-story, 392-foot-tall (119 m) skyscraper will open in May 2017 and have 314 apartments as well as 7,000 square feet (650 m2) of ground-level retail space. It is located at the northwest corner of 2nd Avenue and Virginia Street near Pike Place Market and Victor Steinbrueck Park at the southwestern edge of the Belltown neighborhood.
The project's name, Tower 12, is a reference to the "12th man", a nickname for fans of the Seattle Seahawks football team.
History
The 2nd & Virginia site was formerly proposed as part of a $67 million condominium project in the early 1990s called "One Pacific Towers", which would have had two 27-story towers with 145 units in each, that was later cancelled. In 2008, developer Justen Company submitted proposals to build a 39-story, 234-unit condominium building on the same site, part of a two-tower project spanning Virginia Street, but did not move further on into the design review process.
Bellevue-based developer Continental Properties bought the quarter-block property and master-use permit in March 2014 for $16 million, and announced plans to build a 324-unit residential building on the site using the previously-approved master-use permit. Initially planning to build condominiums, Continental instead opted to build apartments (later named "Tower 12") because of the higher value and lower risk involved.
Construction of the building began on March 27, 2015 and is scheduled to be completed by April 2017. The building was topped out in August 2016.
