April 17, 2018

Graham to build 707 Terry towers

Renderings by Perkins + Will [enlarge]

Westbank has secured $245 million loan for the complex, which was designed by Perkins + Will for a site just west of the Frye Art Museum.

[enlarge]

The two 33-story apartment towers Westbank wants to build at 707 Terry Ave., west across the street from the Frye Art Museum, received a determination of non-significance last month and are now awaiting a land use permit.

Phased permits have been requested for the project, designed by Perkins + Will, which also has completed design review.

The towers will have a combined 488 units.

No groundbreaking date has been set, but it's getting closer. Last week the local firms DSC Capital, LLC and R.M. Watson Co. announced that they have secured a $245 million construction loan for Westbank, the Vancouver, B.C.-based developer.

City records show that Graham Construction will be the general contractor.

The team also includes KPFF, civil engineer; PFS Studio, landscape architect; Glotman Simpson, structural engineer; Integral Group, mechanical engineer; Nemetz & Associates, Electrical Engineer; Jensen Hughes, Code Consultant; RDH, envelope consultant; and ECNW, pool consultant.

DSC and RMW said they sourced the loan through an unnamed national life insurance company. Public records show it to be Massachusetts Mutual.

Westbank has spent $14.6 million to assemble the 28,800-square-foot, half-block site, which is also bounded by Columbia and Cherry streets.

The towers will have 7,600 square feet of commercial space facing Terry and the museum, within a two-story podium. There will be six levels of underground parking for 316 vehicles, accessed from the alley to the west. Bike rooms will have 110 stalls.

The towers' most striking features will be the 31st-floor skybridge connection and the way they'll appear to lean away from each other: there will be 30 feet of separation at the podium level and 40 feet at the top.

The 32nd floor will have a solarium, pool, deck, barbecue station, lounge and other amenities. The pool and deck face west, toward downtown and Elliott Bay.

Meanwhile, Westbank is planning two 45-story towers at 1200 Stewart St. with 1,051 units; and a 46-story tower at 2000 Third Ave. with 453 units and a pool and geodesic dome on top.