Even in these recessionary times, there are still big buyers who can afford to expand when the market is low. In Seattle, Amazon is in the preliminary stages of purchasing three city blocks in the Denny Triangle neighborhood north of the business district from developer Clise Properties, The Seattle Times reports. The properties are bounded by Westlake Avenue to the east, 6th Avenue to the south, and Blanchard Street to the west.
Amazon is going big: intending to convert what are now parking lots into three office towers measuring one million square feet each. The total space will double the size of the largest skyscraper in Seattle, the Columbia Center.
Amazon’s current office space—over a million square feet distributed over several locations—is rented. This will mark Amazon’s first office ownership. An agreement with Clise will give Amazon the option to buy more of their holdings, which are part of a larger 13-acre site in Denny Triangle.