Dive Brief:
- Downtown Seattle has 50 residential, commercial or mixed-use construction projects underway with a total value of $2.8 billion, and there are another 50 permitted or at a stage where the Downtown Seattle Association and its Metropolitan Improvement District arm consider them imminent.
- The pre-recession peak of downtown building activity was 2007, when total value of work in progress was $2.9 billion, and today's projects have twice as many housing units as were being built then.
- About two-thirds of the construction is for residential units, including 30 apartment projects, a combination hotel/apartment project and a condominium project.
Dive Insight:
The booster group's report does not count infrastructure projects, which include the current state project to replace the elevated Alaskan Way viaduct near the waterfront with a route tunneled under the city. In compiling a list of "active" projects, the groups included work going back 16 months.