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November 10, 2015

NAIOP honors the year's top developers, projects and deals

Union Stables is the year’s top redevelopment. The 1909 horse barn at 2200 Western Ave. is now headquarters for Lease Crutcher Lewis.

Urban Renaissance Group's acquisition of Touchstone was named the Deal of the Year by the Washington NAIOP chapter at its annual Night of the Stars awards event last week.

Touchstone garnered two other awards: Developer of the Year and Hospitality Development of the Year for Hilton Garden Inn, which is part of the firm's Hill7 complex in the Denny Triangle.

Panattoni Development Co. and Holland Partner Group were also named developers of the year.

Holland won the Multifamily Development of the Year for Premiere on Pine, the 40-story apartment complex it built at Ninth and Pine — and sold for more than $240 million earlier this year.

Vulcan Real Estate's 1 million-square-foot expansion of the Amazon.com campus in South Lake Union won for best office development. Vulcan also won the technology/life sciences award for its upgrades to the Cinerama.

The best Renovation or Redevelopment of the Year was Union Stables at 2200 Western Ave. Allegra Properties Lease Crutcher Lewis lead the team that renovated the 1909 building that used to house the horses used for pulling the city's streetcars and fire engines. The renovated building (shown here) is Lease Crutcher Lewis' new headquarters.

A partnership of IDS Real Estate Group and Clarion Partners won the top Industrial Development of the Year award for Stryker Business Center, a three-building, 1.25 million-square-foot distribution park in Kent. Amazon.com leased two buildings totaling more than 1.1 million square feet for a distribution center. Brighton Best International leased the third building, which has 125,000 square feet.

Dunn & Hobbes' Chophouse Row on Capitol Hill was named the best Mixed-use Development of the Year. The seven-story building has an “open market” at street level, including along an alley and courtyard, with six retail tenants. Above are four floors of office space and three penthouse apartments.

The most innovative project was 47+7, an apartment complex in the University District. The project used a now patented panelized construction method invented by Sustainable Living Innovations, a division of CollinsWoerman. The exterior has a steel “exoskeleton” frame with a concrete slab on the ground floor. Floors two through six are made of 136 floor and wall panels complete with plumbing, electrical and finishes that were built off site and taken to the site for final assembly.

Chateau Ste. Michelle's 14 Hands wine tasting facility was Retail Development of the Year.

The IT automation company called Chef has a new headquarters at 619 Western Ave. in Pioneer Square and it won the award for best commercial interior.

The Community Impact Award went to Navos' Behavioral Healthcare Center for Children, Youth & Families on Lake Burien. The 7.5-acre campus provides services for young people and families in a camp-like atmosphere.

Wally Costello was added to the NAIOP Washington Hall of Fame at the event. At Quadrant Corp. Costello was involved in the development and planning of more than five million square feet of office, high-tech and industrial buildings as well as numerous business parks throughout the region. Costello has served on the NAIOP board and as its president.


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