Madison Centre (formerly known as M5 Commerce Centre and 505 Madison) is a 530-foot-tall (160 m) skyscraper in Downtown Seattle, Washington. It was completed in October 2017 and has 37 floors of office space totaling 746,000 square feet (69,300 m2) of gross leasable area. It is the eleventh-tallest building in Seattle. It is located at the intersection of 5th Avenue and Madison Street in Downtown Seattle, adjacent to the Seattle Central Library and William Kenzo Nakamura United States Courthouse.
Video Madison Centre
History
Schnitzer West bought the existing property at the site and hoped to begin construction of a skyscraper as early as 2008. In the meantime, however, the late-2000s recession struck the economy and consequently the fate of many commercial real estate projects came under doubt, including 505 Madison. Further development of the project hinged on securing a sufficient number of preleases by 2009, which did not occur.
In 2012, the project was revived and the developer began seeking permits to start construction. Demolition of the pre-existing buildings on the site began in early September 2014.
In February 2016, Touchstone Corporation announced that it would enter a joint venture with Schnitzer West to develop Madison Centre, contributing $150 million in equity and a construction loan. Construction on the tower topped out in October 2016, and the tower opened for occupancy in October 2017.
Maps Madison Centre
See also
- List of tallest buildings in Seattle
References
External links
- Official website
Source of the article : Wikipedia
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