In a nod to Seahawks, new $180M Renton hotel has 12 stories
Marc Stiles，the Puget Sound Business Journal， Sept 26, 2014
Southport, a long-planned mixed-use project on Lake Washington in Renton, is at last getting another use: a four-star hotel. Construction will begin Wednesday on the 350-room hotel about two and a half miles south of the Seahawks' Virginia Mason Athletic Center. The 377,000-square-foot building will have 12 stories in honor of the team's fans, known as the 12th Man, said Natalia Dotto, a spokeswoman for the project developer, Renton-based Seco. The hotel is the latest addition to the 17.5-acre master-planned project at the south end of Lake Washington.
The Hotel at Southport joins a long list of hospitality projects under construction in the Puget Sound region. After very little hotel development over the past five or so years, investors are making up for lost time.
In downtown Seattle, 3,150 rooms in 16 projects are under construction or planned, and downtown Bellevue has five projects with 1,300 rooms being built or planned(subscription required). Among the other projects in the region that are under construction are an expansion of Cedarbrook in SeaTac, and two new hotels: one in Issaquah and another in Tukwila.
Like some of the other Seattle-area hotel developers, Seco is using the federal EB-5 program to finance its project, Dotto said. EB-5 allows foreign nationals to invest in job-producing projects. In return, the investors get green cards that can lead to U.S. citizenship. It's projected that the construction and operation of the Southport hotel will, over time, create more than 2,300 jobs, Dotto said.
Designed by MulvannyG2 Architecture, the hotel will have a restaurant and bar, 42,000 square feet of meeting space, four rooftop terraces, and other amenities found in four-star properties: pool, spa and exercise facilities. There will also be a marina at the hotel that's scheduled to be done in early 2017. Sellen Construction is the general contractor.
Seco has been working on the Southport development since buying the property in 1999. The company has already built 383 apartments and around 24,100 square feet of retail. It has plans to also build 778,000 square feet of office space in three towers.