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Seattle & Northwest  + Seattle  + Office  | 

Hudson Pacific Acquires Seattle Site, Plans $350M Office Tower

Hudson Pacific Properties, Inc. acquired the condominium rights for $86 million and plans to develop the 1.17-acre, full-block site at 1000 Olive Way in Seattle. The Los Angeles-based REIT envisions building a 16-story, 538,000-square-foot office tower in the booming Denny Triangle neighborhood. Hudson Pacific estimates total development costs, including the purchase price, in the range of $300-$350 million.

Hudson Pacific’s Andy Wattula says, “This project represents an opportunity for Hudson Pacific to deliver a world-class office tower that will complement and enhance the Washington State Convention Center Addition.”

The fully-entitled site at the intersection of Boren Avenue and Olive Way is adjacent to the 1.5-million-square-foot Washington State Convention Center (WSCC) Addition. Extensive predevelopment and design work were completed by the WSCC Addition’s development team, including Pine Street Group and LMN.

Hudson Pacific expects to commence construction as early as mid-2021, with delivery of tenant improvements in late 2022.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
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