200,000 square foot office building set for corner of Market and 15th

According to a report in the Seattle Daily Journal of Commerce earlier this month, Martin Selig Real Estate is planning a 200, 000 square foot office building at the corner of Market and 15th Ave NW. The map attached to the story points to the address being 1448 NW Market St, the location where the Shell Gas Station now stands (click on map below).

The DJC reports that Selig has developed many of Seattle’s signature buildings and has developments in the works all over the city including at 3rd and Lenora in Belltown, at 3rd and Battery downtown, near the Olympic Sculpture Park and in the Uptown area of Queen Anne.

Jordan Selig of Martin Selig Real Estate told the DJC that the company has never undertaken a project in Ballard before. “Thousands of new apartments have opened in the neighborhood over the last few years, but there is little office space there. No one likes to sit in traffic, and we want to give those people who live in Ballard a place to work that is closer to home,” says Jordan Selig.

The company has a total portfolio of approximately 4 million square feet and it is already 98 percent leased.

According to the DJC, the smaller project at 3rd and Battery is likely to be the first that is constructed as it was planned before the recession hit. Martin Selig confirmed that the 3rd and Harrison office project could be next, followed by the Sculpture Park apartments, 15th and Market project, and the Third and Lenora mixed-use project however he emphasized that the order may change.

Despite the order of construction all projects are scheduled to open in 2016 and 2017.