The city of Tukwila hopes a new skyscraper currently under construction will be the catalyst to new growth in South King County, so reports the local King 5 News. The skyscraper is another high-rise The Conco Companies are providing concrete services for, and another “tallest” building project between Seattle and Tacoma. The 19-story tower is also the first Class A high-rise to be built in South King County.
Once complete, the mixed-use Washington Place tower will offer a 185-room hotel, 370 residential units and a four-story parking garage to accommodate 300 vehicles. The expected cost of the project is $120 million. The developer, Omar Lee explains how he put together the financing for the new skyscraper. He explains that, “Instead of a conventional bank loan, we decided to finance 50% by EB-5, the rest on our own funding, and small loans, so that’s something unique about this project.”
The city of Tukwila is currently building a new bike and pedestrian bridge over the nearby Green River that will connect the new high-rise to the commuter rail station to make it a short 10-walk. City planners also have a long-term goal of connecting the nearby mall to the commuter rail and encouraging other redevelopment near the new tower. They hope that the Washington Place project is the start of something big for the city.
Along with the business-class hotel and apartment units, the tower will include a rooftop garden and a 90-seat restaurant. The hotel will occupy the first 11th floors of the building and the residential apartments will occupy floors 12-18. Amenities for the residents and hotel guests include a lounge, club, and exercise room on the top floor, and a pool at ground-level. The new pedestrian/bike bridge is expected to open in 2017 and the Washington Place high-rise by late 2017 or early 2018.
Conco is one of the leading concrete contractors in the Western U.S. and offer a wide range of quality services and products. While we tackle projects both big and small, our experience includes providing the entire cast-in-place concrete for the Wilshire Grand, the tallest building west of the Mississippi, along with other notable projects. We serve California, Washington State, Oregon, Colorado and Nevada.