Perfect Ten: The 2023 IDEAS2 Awards

Source: Modern Steel Construction

May, 2023

Built in 1949 and retired in 2014 due to its outdated security features and minor damage sustained by the 2001 Nisqually earthquake, the Federal Reserve Building in Seattle now reaches for the sky with a vertical expansion, a new seismic system, and new steel.

The landmark building has been converted into a 204,000 SF Class A office space thanks to an updated design featuring seven beautifully restored existing floors along with seven brand-new floors, with the latter encased in a glass jewel box structure providing stunning views of Seattle’s new waterfront.

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Selig Lands First Choice Health at 400 Westlake In Seattle for 10,300 SQFT

Source: The Registry

July 5, 2023

First Choice Health, a provider-owned insurance organization, has become the newest tenant on the top floor of Martin Selig Real Estate’s new 400 Westlake tower in South Lake Union. The company is relocating from its current headquarters at One Union Square on 600 University St. Representatives have confirmed that First Choice Health will occupy just over 10,300 square feet on the 15th floor, which has a total of 14,927 rentable square feet, according to marketing materials.

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Selig lands top-floor tenant for 400 Westlake in South Lake Union

Source: Puget Sound Business Journal

July 4, 2023

Martin Selig Real Estate new 400 Westlake tower in South Lake Union now has a top-floor tenant: First Choice Health.

The provider-owned insurance organization is moving from its current headquarters in One Union Square at 600 University St. It will take just over 10,300 square feet on the 15th floor, representatives confirmed last week. The floor has a total of 14,927 rentable square feet, marketing materials show

Selig bills the 15-story, 230,000-square-foot tower as the greenest of any of its size in the country. The structure is expected to generate 105% of the energy it needs, use 35% less energy than the average office building and save 100% of the rainwater it receives and treat it for non-potable uses.

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Selig’s 400 Westlake Lands First Tenant

Source: Seattle Daily Journal of Commerce

May 22, 2023

400 Westlake Ave. N., once the site of a tire and service shop for British company Firestone and an emblem of Seattle’s auto row history, is now home to a net-positive energy, sustainable Class A office building, developed by Martin Selig Real Estate.

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Why Seattle Has Become a Hotbed for Life Sciences

Source: Seattle Daily Journal of Commerce

May 11, 2023

As Seattle continues to transform, the life sciences industry has helped buoy the commercial real estate market and has been a major driver in employment growth in the region. With a strong focus on research and development, Seattle has become a hub for biotech and pharmaceutical companies alike, drawing industry-leading talent from around the world. At Martin Selig Real Estate, we believe that this growth is amplified by the economic principle of agglomeration, offering some explanation as to why Seattle has become a hotbed for life sciences.

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Talking History — Modernism elevated: The new face of Seattle’s Federal Reserve Building

Source: Seattle Daily Journal of Commerce

March 1, 2023

A transformed and expanded Federal Reserve Building opened at 1015 Second Ave. in late 2020. Developer Martin Selig, in collaboration with architect Perkins & Will, has converted the landmarked former ‘bankers bank’ into a 13-story office building with 204,000 square feet of office space, restored one-of-a-kind historic features, and amenities that include a fitness room and wraparound rooftop deck.

The renovation consisted of the restoration of an original five-story modernist structure, built in 1950, and topped it with seven new levels encased in a sleek glimmering glass ‘jewel-box’ of almost identical proportions. All new mechanical, electrical and plumbing systems, including elevators, have also been installed and structural and seismic upgrades were done to strengthen the historic building.

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Two Washington Projects Win Structural Steel Industry Design Awards

Source: Seattle Daily Journal of Commerce

February 6, 2023

The American Institute of Steel Construction (AISC) recently announced 10 winners of its annual Innovative Design in Engineering and Architecture with Structural Steel (IDEAS²) Awards. These awards “honor and recognize projects that illustrate the possibilities of building with structural steel and highlight the many ways steel can help express architectural intent while
harnessing its unique advantages for both simple and complex structural systems.”

Two Washington projects were among the awardees. The Federal Reserve Building won a National Award — the top prize on offer — in the Projects Costing between $75 million to $200 million category

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Pieds-A-Terre Showing Cake Can Be Had And Eaten Too

Source: Forbes

December, 2022

A property that appears high on lists of those seeking Pacific Northwest pieds-a-terre is The Modern, located in the Emerald City’s well-regarded downtown waterfront Belltown nook, the city’s most densely populated. Luxury features include nine-foot-high floor-to-ceiling windows offering dramatic perspectives on the city skyline and Elliot Bay.

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Seligs Say Leases in Play for Much of Their New Seattle Office Space

Source: Puget Sound Business Journal

November 14, 2022

Leasing activity at Martin Selig Real Estate’s new and planned Seattle office developments has been brisk, company leaders said on Friday. This underscores the much-talked-about flight to quality phenomenon and is spurring the company to look at upgrading or even redeveloping older buildings in its 33-building portfolio.

Leases are in play for around 60% of the office space in both the company’s new Federal Reserve Building downtown and 400 Westlake project in South Lake Union, said company founder Martin Selig and his daughter, Executive Vice President Jordan Selig.

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Coastal Destinations

Source: Ocean Home

October 22, 2022

Designed by architecture firm Perkins & Will, the residences at The Modern begin on the 13th floor and range from 495 to 2,459 square feet. To maximize views, each features floor-to-ceiling windows and is configured in a Z-shape, allowing for six glass corners instead of four. The property includes an open air, two-floor amenity space with five unique experiences including The Foyer, The Bar, The Video Wall, The Club Room, The Loft, and multiple private dining/executive board rooms. The Modern opened in early 2022 and is the first luxury residential property from developer Martin Selig Real Estate.

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