February 11, 2000
Nitze-Stagen has plans to build a 15- to 20-story luxury condominium complex in the First Hill neighborhood.
The estimated $30 million highrise is set for 701 Terry Ave., which is now a large parking lot shared by the Frye Art Museum and the Puget Sound Blood Center. Officials from Nitze-Stagen will discuss the firm's proposal at a city design review meeting on Feb. 22.
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Plans submitted to the city show that the upscale condo tower will have ground-floor retail, along with an underground parking garage for residents. The garage will also serve the Frye Art Museum and the Puget Sound Blood Center to replace displaced parking for those institutions.
Cornell says First Hill, dubbed "Pill Hill'' due to the numerous hospitals and medical centers there, is a prime spot for residential development. It's close to the hustle and bustle of downtown, but also has some peaceful niches that create a quaint surrounding for residences, he added.
Construction may begin next year, according to Cornell. Olson/Sundberg is the architect. The Feb. 22 design review meeting will be held at 5:30 p.m. in the Municipal Building, 600 Fourth Ave., Room 221.
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