Newmark now offering Nitze-Stagen’s boutique office building in SLU

Nitze-Stagen and architect BuildingWork received their master use permit early this month for an office conversion project at 760 Aloha St. in South Lake Union. Newmark is now brokering the approximately 41,245 square feet to be created with the new floors added to an old two-story industrial building on the corner of Eighth Avenue North. It’ll end up with six stories and a fifth-floor terrace.

Peter Nitze told the DJC last year that 760 Aloha would proceed on spec. R. Miller is listed as the general contractor for a project it values at nearly $14 million. Newmark says that October 2022 is the target date for completion, after about 16 months of construction. A construction permit is still pending.

Newmark’s Dan Seger and David Marks are representing the space. The team also includes GeoEngineers; Swenson Say Faget, structural engineer; Decker Consulting Engineers, civil; Coffman Engineers, electrical; DB Engineering, mechanical and plumbing; Core Design, surveyor; and Karen Kiest Landscape Architects.

The ground floor, with about 4,000 square feet, could end up as offices, retail or even a cafe.

Total project size is about 44,511 square feet, and the Mandatory Housing Affordability payment is calculated at about $219,000. The project will target LEED Silver certification. About 400 square feet of rooftop solar panels are indicated. A roll-in bike room will have 28 stalls; and there will be a shower for cycle commuters. The fifth floor will have a 735-square-foot, terrace facing east to Lake Union, along with landscaping.

The brokers call the project 760 Aloha, while the architect dubs it Aloha Substation, since the city once had an electrical substation there. Some renderings call it the Offices at Aloha. Nitze-Stagen paid about $8.5 million for the old building, which dates to 1931 — with significant additions in the 1940s and 1950s. It was originally home to Jarvie Paint Manufacturing.

 

IMAGE CREDITS

BuildingWork

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