PSBJ EXCLUSIVE: Long delay for hotel by Amazon HQ is almost over
August 22, 2016	/ JF News	/ 0 comment / by jensenfey
This article originally published in the Puget Sound Business Journal, Aug 18, 2016, 12:03pm PDT:
JENSEN FEY ARCHITECTS
Construction of this 15-story hotel by Amazon's South Lake Union headquarters campus is expected to start by the end of 2016, developer Stanford Hotels says.
For two years a privately held San Francisco company has had a permit to build a 15-story hotel next to the headquarters of Amazon (Nasdaq: AMZN), yet nothing has happened.
This is about to change, according to a spokeswoman for the developer, Stanford Hotels.
She said Thursday that Stanford hopes to start construction of the project at 300 Terry Ave. N., during the fourth quarter. Stanford is not yet ready to name the general contractor. The company's website calls the project the "Amazon Headquarters Campus Hotel" and says it will be be a Marriott (Nasdaq: MAR).
Earlier, a Stanford vice president told the Puget Sound Business Journal that the estimate construction start date was late 2014. It was delayed because Stanford added a rooftop bar to the plan, and this required additional review by the city of Seattle, according to the Stanford spokeswoman.
Stanford still has to obtain a building permit. The company submitted the application in late June, according to online records, which lists the value of the work at more than $22.7 million.
City rules do not require parking for hotel projects in the South Lake Union neighborhood, and the project near a streetcar stop won't have any. Guest parking will be offered at nearby garages, according to information that Stanford and the project architect, Redmond-based Jensen Fey, submitted to the city. The design packet also states that the hotel will have a "three-meal-a-day restaurant" on the ground floor, and a 7,500-square-foot conference center.
Investors have been snapping up hotels in South Lake Union, where construction is underway on a 147-room Moxy by Marriott. Meanwhile, the city has issued a construction permit for a dual-branded, 235-room project. More information about these projects and sales is here.
This will be Stanford's second construction Seattle construction project. The company also is planning a 49-story residential/hotel project downtown.
Marc Stiles
Puget Sound Business Journal
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