The recent energetic construction activity in Seattle is likely to continue, reports the Seattle Times Seattle Construction Boom relying on a report recently released by the Downtown Seattle Association. There are 66 projects underway from SLU to SODO, of various kinds, but mostly apartments. Despite what some have called a “glut” of rental properties coming online in recent years, the pipeline of projects for residential rental properties is strong. There is even (surprise!) a bit of activity in condominium construction.
Amazon Cancels NY HQ2 In related news, Amazon has announced it will not establish a so-called “HQ2” in Long Island City, just across the East River from Manhattan, after encountering objections from state and local lawmakers in the NYC area. Despite that change in plans, the company has no plans to expand further in Seattle beyond the 2MM sq ft that are currently under construction here.
Amazon Still Growing in Puget Sound Puget Sound Business Journal reports that Amazon has 10MM sq ft of space already in Seattle, even without the Block 18 tower project that has gone through some starts and stops.