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January 11, 2016
Holland Partner Group plans to start construction soon on a 40-story apartment tower at 970 Denny Way.
Marty Goodman, development director for Holland, said the project has been approved for a master use permit and made it through the appeal window. Demolition and building permits are ready to go. The only thing left is a short wait for the master use permit to be issued. Holland will start soon after, Goodman said, likely within a couple of weeks.
The tower will have 468 units, 15,580 square feet of retail and 359 parking spaces.
The first residents are expected to move in by summer of 2018, Goodman said. With such a long time between starting construction and opening, the project team wants to be forward-thinking about the interior design. That's the same mindset Holland took with another 40-story tower it developed: Premiere on Pine.
“If we are going to deliver something in three years, it needs to look like it's new and not a repeat of something that was designed two years ago and delivered now,” said Tom Parsons, president of Holland's Pacific Northwest operations.
Weber Thompson designed Premiere on Pine and is the architect for the Denny tower. Holland's construction arm is building it. Other team members are Cary Kopczynski & Co., Susan Marinello Interiors, PSF Mechanical, Valley Electric, Stirret-Johnsen, Conco and Walters & Wolf.
The Denny site is bigger than the one for Premiere on Pine — 28,000 square feet versus 14,000 — and Goodman said the footprint for the tower is limited to about 10,500 square feet. That means more room for retail and a six-story podium that will face Denny. The podium will have a brick exterior with steel canopies in a nod to the neighborhood's industrial past, Goodman said.
There will be a landscaped deck on top of the podium.
Parsons said Holland is working with retail experts and potential tenants to design the ground floor space so the building will be appealing at street level. Parsons said operable windows, outdoor dining areas and other features will help make the space attractive to retailers.
Holland declined to give the cost of the whole project, but Parsons said it will pay $5.8 million in incentive zoning fees for affordable housing and regional development credits.
Like Premiere on Pine, the Denny tower will have lots of high-end amenities, including a roof-top deck, gym, media room and business center. But Parsons said the location is what will make this building unique. To borrow a line from Fremont, Parsons called it “the center of the universe.”
The corner of Denny and Terry is the “bullseye of the whole South Lake Union area.”