About Stadium Place
Commonly referred to as the North Lot Development, the project entails nearly 4 acres of undeveloped land that is currently being used for event parking at Qwest Field in Seattle. Ideally located next to the region’s central transit hub, the proposed development will be the largest transit oriented development project on the West Coast. At completion the project will encompass over 1.5 million square feet of uses, including "for sale" and "for rent" residential units, a hotel, office tower, parking and retail components.
In 2007 the current owner of the land, King County, selected a partnership of Nitze-Stagen & Co., Inc. and Opus Northwest after a national RFP. In 2008, Nitze-Stagen & Co., Inc. transferred its partnership interest to its development affiliate, Daniels Real Estate, LLC, to complete the necessary entitlement work and move the project forward. In 2009 Daniels Real Estate, LLC purchased the partnership interest held by Opus and has entered into a joint venture with the R.D. Merrill Company to construct the project.
In February 2010 after nearly four years of work, the company completed all of the necessary entitlement work with the City of Seattle and received a Master Use Permit for the project. The western most block of the project is now in the design phase with construction expected to begin in late summer of 2011. With the variety of potential uses and its unparalleled location, the project is poised to be one of the first significant development projects to commence in Seattle.
The project is comprised of two city blocks between Occidental and Third Avenues, bordered by King Street on the north. Directly adjacent to King Street Station and Union Station, the development project has been designed around the ease of access to transit. Located within Pioneer Square and part of the new “entertainment district” it’s only a matter of time before the project becomes the location in Seattle to live, work and play.