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October 1, 2014
Equity Residential said it is starting construction on a 40-story tower with 398 apartments at Second Avenue and Pine Street.
The building will have roughly 3,500 square feet of street-level retail, and 217 parking stalls above and below ground. A five-level underground parking structure with 144 stalls will be built on an adjacent lot to the north and connect with the new tower.
Residents are scheduled to begin moving in by the summer of 2017. Construction is scheduled to finish later that year.
The architect is WTGBD, which is a joint venture of Weber Thompson of Seattle and GBD of Portland. Turner Construction is the general contractor. Magnusson Klemencic Associates is structural engineer.
The city issued a land use permit for the project last week.
Equity Residential said in its announcement that the tower will have a mix of studio, one- and two-bedroom units. Amenities include a 24-hour concierge, two lounges, a theater room, fitness center, rooftop deck, dog lounge, pool and game room, and kitchen and dining space on the 40th floor.
The design is expected to earn a LEED certified or silver rating.
The complex will have ZipCar spaces, e-vehicle charging stations, bike storage, bike-commuter changing rooms, and energy- and water-efficient appliances.
The site is at 204 Pine St., between Pike Place Market and the downtown retail core, and about five blocks from Amazon.com's Denny Triangle campus, which is currently under construction.
Chicago-based Equity Residential owns and manages 41 properties with more than 8,200 apartments in the Seattle area, according to the company.