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November 10, 2014

Holland eyeing more SLU projects

Holland Partner Group is looking at developing approximately 750 apartments in South Lake Union, including a 40-story tower on Denny Way.

Tom Parsons, president of Holland's development arm, said Holland is under contract to buy land for possible projects at 970 Denny Way, 401 Pontius Ave. N., and 400 Minor Ave. N. Holland is doing feasibility studies, environmental work and financial analysis of the sites. Parsons said he is optimistic about the plans, but the projects are in the “embryo stage,” and there's no guarantee they will work out.

Here is a look at Holland's preliminary plans:

At 970 Denny Way, Holland is looking at developing a 40-story tower with 500 units and 432 parking spaces. Parsons said this project would likely have a significant retail component. Holland is working with Weber Thompson on the planning.

On neighboring sites at 401 Pontius and 400 Minor, Holland is eyeing two seven-story buildings with a combined 240 apartments and 228 parking spaces. Holland doesn't have an architect for these sites.

Parsons said the Denny site is on the “50-yard line of the new world” of development in the area, which includes South Lake Union, but also the area south of Denny that is seeing a lot of activity. What was once a gap between downtown and South Lake Union is filling up with the development of Amazon.com's new headquarters, and all the other projects being planned around it.

Vancouver-based Holland has been one of the most active developers in South Lake Union. Holland has planned, started construction or opened more than 1,600 other apartments in the last few years in South Lake Union.

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