Schnitzer West revives plan for 36-story office tower downtown | Business & Technology | The Seattle Times

It's been nearly five years since anyone broke ground on a high-rise office building in or near downtown Seattle, and no one's planning to start building a new tower anytime soon.

But the downtown office market has recovered sufficiently for one prominent developer to dust off plans for a project it shelved during the recession's depths.

Seattle-based Schnitzer West applied for building permits earlier this month for a 36-story, 750,000-square-foot office tower, dubbed the M5 Commerce Centre for its location at Fifth Avenue and Madison Street.
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...the office-vacancy rate is falling, he noted, and rents are expected to rise.

Read the whole article: Schnitzer West revives plan for 36-story office tower downtown | Business & Technology | The Seattle Times.

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