It’s a tight squeeze in Belltown for this planned high-rise
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19 Feb It’s a tight squeeze in Belltown for this planned high-rise

Posted at 09:53h in News by

February 19, 2021


This is the latest design of a Seattle tower that a company from Taiwan has been working on since acquiring the quarter-block property in 2015. Chainqui Development paid about $33.7 million for the property at Fifth Avenue and Virginia Street. The city has landmarked the two existing buildings. Further complicating the development is Seattle’s tower-spacing rules plus a tower plan by Vulcan Real Estate next door.

By Marc Stiles  –  Senior Staff Writer, Puget Sound Business Journal

A planned mixed-use tower in Seattle’s Belltown neighborhood is hemmed in on three sides.

The project by Chainqui Development of Taiwan is along a Fifth Avenue site lined by two landmarked buildings facing the monorail. To the west is the alley, and to the north is a proposed Vulcan Real Estate tower site.

Hanging over everything between is a city rule that regulates the allowable space between towers. Under Chainqui’s plan, there are 53 feet between its high-rise and Vulcan’s. It’s believed the tower spacing requirement here is 60 feet, though a Seattle Department of Construction and Inspections (SDCI) representative was not immediately available to confirm this.

See the full article at www.bizjournals.com