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May 10, 2022

Yesler Terrace hotel enters design review

Real Estate Editor

Rendering by Johnson Braund [enlarge]
The proposed hotel would overlook the freeway and Yesler Way.

June 22 will be the first design review, in a virtual presentation, for the hotel planned at Yesler Terrace, using the new address at 718 Yesler Way. That vacant site, to be purchased from Seattle Housing Authority, overlooks Interstate 5. It's on the north side of Yesler, south of the planned Northwest Kidney Center building.

Johnson Braund is designing the 11-story, 244-room hotel for California firm Prospera Hotels. For now, no future brand is indicated.

Size above grade is estimated at 195,082 square feet. The project also includes a roof deck with sweeping western views, and a ground-floor dining area.

Because of the sloping site, with about 27,602 square feet, 36 stalls of structured parking would go on the second floor, along with other back-of-house space and a gym.

Prospera's team now also includes KPFF Consulting Engineers, civil; Bush, Roed & Hitchings, surveyor; McCullough Hill Leary, legal; and Geyer Coburn Hutchins, landscape architect.

For now, Johnson Braund has submitted three possible designs, all about the same size, without indicating a preferred scheme.

Prospera signed a purchase and sale agreement last fall with SHA, but with no price indicated. SHA's broker is CBRE.

If the property sells and the plan proceeds, the hotel would be Prospera's first in our market. It develops, owns and operates hotels for brands including Homewood Suites by Hilton, Hyatt Place and Hampton Inn & Suites.


Brian Miller can be reached by email at brian.miller@djc.com or by phone at (206) 219-6517.

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