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December 1, 2022
Seattle Children's already has one building in the Denny Triangle, the three-year-old Building Cure. North of that is its parking lot, intended as a future Phase II. And immediately north of that, at 1916 Boren Ave., is Trammell Crow's planned 11-story life-science project. Designed by CollinsWoerman, that secured its master use permit last month.
There's already been a groundbreaking under general contractor Lease Crutcher Lewis. Trammell Crow has announced that Seattle Children's will take nearly half the space in the building. The project will proceed with phased construction permits.
Seattle Children's Dr. Eric Tham said in a statement, “We're excited about the potential this space offers to meet the growing needs of our downtown workforce.” How many of its staff will occupy the building remains to be seen. Seattle Children's hopes to move into 1916 Boren in early 2025. It'll have about 124,000 square feet, to be for pediatric research.
Shelley Gill and Adam Brenneman of Hazelbrook Advisors represented Seattle Children's. CBRE's Paul Carr is Trammell Crow's broker, with about 158,700 square feet remaining to lease. (The owner rates the project at 282,700 square feet.)
Trammell Crow's goal is to finish construction by the end of 2024 — a tight schedule for such a premium project. The company's Alan Cantlin said in a statement, “Seattle Children's early commitment to the project reflects 1916 Boren's market-leading life-science infrastructure and design. The building will be well-suited to meet the specifications for the most demanding life-science buildouts. We're looking forward to this project further developing the emerging life science cluster in Denny Triangle.”
Emerging, indeed. Directly next door to 1916 Boren is Trammell Crow's very new Boren Lofts — rechristened Boren Labs by recent buyer Oxford Properties Group. That's also being offered as a life-science building, with JLL as the broker. And Trammell Crow also has a third such project planned nearby at 901 Lenora St.
Back at 1916 Boren, Trammell Crow's financial partner is Washington Capital Management. It acquired the site last year for $49 million. And public records now indicate a $197.9 million construction loan from Western Alliance Bank.
The 1916 Boren team also includes Weisman Design Group, landscape architect; Coughlin Porter Lundeen, civil and structural engineer; Bush Roed and Hitchings, surveyor; Hart Crowser, geotechnical; Gerber Engineering, electrical; FSI Engineers, mechanical and plumbing; Hos Bros Construction, excavation; DBM Contractors, shoring.
Floor plates average around 30,000 square feet. Floor-to-floor heights of 14 feet are well-suited to medical and lab use. Four levels of underground parking will have 226 stalls, and some 310 bike stalls. The developer also cites two dedicated freight elevators, chemical storage, outdoor patios on every floor, a cycling studio, rooftop terrace and top-floor conference center.
Brian Miller can be reached by email at firstname.lastname@example.org or by phone at (206) 219-6517.