What's Heating Up? Commercial Construction Downtown
Emily Parkhurst from the Puget Sound Business Journal says initial drilling is set to begin today on an office tower project that has been "in the works" since 2008. Located at Fifth and Columbia, construction was initially delayed by the WaMu collapse, but is back on track thanks to Kevin Daniels, Stockbridge Capital Group, and investments from foreign nationals. Parkhurst says to expect some activity at the site over the summer with a formal groundbreaking to be scheduled for August or September. This and other new construction is a sign that, "the commercial real estate market downtown is heating up again," a trend I'll definitely be watching as these new constructions are completed.