{"id":1004546713,"date":"2021-01-18T03:53:00","date_gmt":"2021-01-18T11:53:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004546713"},"modified":"2022-12-08T19:35:53","modified_gmt":"2022-12-09T03:35:53","slug":"unico-properties-jv-tops-out-seattle-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/","title":{"rendered":"Unico Properties JV Tops Out Seattle Project"},"content":{"rendered":"
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Cascadian. Image courtesy of Tim Rice Photography<\/p><\/div>\n

Partners Group and Unico Properties have celebrated the placing of the final beam on Cascadian, downtown Seattle\u2019s latest sustainable office building. Sellen is the general contractor of the nine-story project, which features an in-built solar energy system.<\/p>\n

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READ ALSO<\/strong>: Vaccine to Trigger Q3 CRE Recovery: Report<\/a><\/p>\n

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After breaking ground in September 2019, the Class A office development is expected to deliver in the summer of 2021. Upon completion, Cascadian will offer 211,066 square feet of creative office or life science space, with average floorplate sizes between 25,000 and 30,000 square feet. The project also calls for a 7,300-square-foot rooftop terrace and outdoor spaces for tenants.<\/p>\n

Located at 330 Yale Ave. N. in South Lake Union\u2019s Cascade neighborhood, the office will have nearby access to Interstate 5 and Metro and Sound Transit Express stops. Cascadian is also situated near Seattle\u2019s central business district that is home to Amazon\u2019s corporate headquarters and Facebook\u2019s Dexter office.<\/p>\n

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Aerial view of the Cascadia neighborhood of South Lake Union, a growing tech hub in Seattle. Image courtesy of Tim Rice Photography<\/p><\/div>\n

Salmon-safe sustainability<\/h2>\n

Ron Lamontagne, Partners Group\u2019s managing director & co-head of private real estate Americas, said in prepared remarks that the Cascadian project aligns with the company\u2019s focus on sustainability. The office will be equipped with an in-built 92 kW solar energy system that will offset 8 percent of the building\u2019s total energy use, according to Unico. The building\u2019s design has earned a LEED Platinum pre-certification, as well as a Salmon-Safe certification, a regional designation that aims to protect salmon habitats through minimizing the impact of developments.<\/p>\n

Shortly after the groundbreaking of Cascadian in 2019, Unico teamed up once again with Partners Group to acquire a 227,811-square-foot mixed-use building in Bellevue, Wash., in an off-market transaction. Unico also bolstered its Seattle office portfolio with a $236 million acquisition<\/a> of a 365,674-square-foot Class A property in October 2019.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

The Class A creative office\/life science development is situated in South Lake Union\u2019s Cascade neighborhood. <\/p>\n","protected":false},"author":883,"featured_media":1004546715,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,1610,15],"tags":[33268,34606,33415],"class_list":["post-1004546713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-seattle","category-west","tag-partners-group","tag-perkins-will-architects","tag-unico-properties"],"acf":[],"yoast_head":"\nUnico Properties JV Tops Out Seattle Project - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unico Properties JV Tops Out Seattle Project\" \/>\n<meta property=\"og:description\" content=\"The Class A creative office\/life science development is situated in South Lake Union\u2019s Cascade neighborhood.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-18T11:53:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:35:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Aerial-view-of-the-Cascadia-neighborhood-of-South-Lake-Union-a-growing-tech-hub-in-Seattle.-Image-courtesy-of-Tim-Rice-Photography.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/\",\"name\":\"Unico Properties JV Tops Out Seattle Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Aerial-view-of-the-Cascadia-neighborhood-of-South-Lake-Union-a-growing-tech-hub-in-Seattle.-Image-courtesy-of-Tim-Rice-Photography.jpg\",\"datePublished\":\"2021-01-18T11:53:00+00:00\",\"dateModified\":\"2022-12-09T03:35:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/unico-properties-jv-tops-out-seattle-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Aerial-view-of-the-Cascadia-neighborhood-of-South-Lake-Union-a-growing-tech-hub-in-Seattle.-Image-courtesy-of-Tim-Rice-Photography.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Aerial-view-of-the-Cascadia-neighborhood-of-South-Lake-Union-a-growing-tech-hub-in-Seattle.-Image-courtesy-of-Tim-Rice-Photography.jpg\",\"width\":800,\"height\":620,\"caption\":\"Aerial view of the Cascadia neighborhood of South Lake Union, a growing tech hub in Seattle. 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