Homeplate Plaza – Seattle

Home Plate Project consists of two brand-new, flex-use, class-A retail and office complexes (phase I and II). This communal center and related parking spaces cost $155 million to develop and build. The Homeplate Project will yield a net of 296,154 rentable square feet of space available to local and national tenants by mid-2013.

The property is located at the nexus of the Pioneer Square Historical Area and the SODO district of Seattle. It is due west (across the street) from two professional sports stadiums, Safeco Field (home to the Seattle Mariners), and Qwest Field (home to the Seattle Seahawks and Seattle Sounders FC) and is within walking distance of Starbucks World Headquarters and the Seattle Waterfront. In terms of access, Homeplate has excellent connections to Interstate 90, Interstate 5, Highway 99, the Port of Seattle, and rail lines.

Development information:

Land:

• Total area: 93,680 sq. ft./8,703 m²
• Amended Master Use Permit Issued November 2009
• Closing on the Property: January 2010

Phase I:

• Number of story: 6
• Total leasable space: 141,167 sq. ft./13,114 m²
• Total sub-grade parking: 36,648 sq. ft./3,405 m²
• Construction Permit Issued (Phase I): May 2010
• Start Construction (Phase I): May 2010
• Building Shell Completion (Phase I): est. May 2012
• Stabilized Occupancy (Phase I): est. June 2013

Phase II:

• Number of story: 7
• Total leasable space: 154,987 sq. ft/14,399 m²
• Total sub-grade parking: 155,881 sq. ft/14,482 m²
• Construction Permit Issued (Phase II): May 2011
• Start Construction (Phase II): est. May 2011
• Building Shell Completion (Phase II): est. May 2013
• Stabilized Occupancy: est. June 2014