1890-Built Seattle Waterfront Building Set to Get Major Reno, Updates

“Food, fun and attractions” – and an 1890 masonry building – are among the features of the 20-pier Seattle Waterfront. 

Seattle-based Unico Properties is partnering with Pinnacle Partners, a firm specializing in opportunity zone investment management. 

Centrally located on the waterfront, Washington Park is an approximately $30 million building project that includes a seismic retrofit and is the latest waterfront investment for Seattle-based Unico Properties, which acquired the Washington Park building three years ago for $1.3 million, according to a news release. 

The partners’ goal is a mixed-use, move-in ready spaces that a “differentiated” experiences for potential lessors. The project aims to be available in Q2 2023.

Built a year after the 1889 Great Seattle Fire (compelling city archives here), Washington Park was constructed for Lowman and Hanford Stationery and Printing Co. for printing and bindery operations. When Unico bought the building, it was 83% leased to a number small tenants.