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Children’s Hospital/Grants Awarded/Apartments Sold
Puget Sound Clean-up Means Grants for Local Communities
Children’s Expands Research Space with Building Purchase
 Seattle - Children’s Hospital, Seattle announced the acquisition of two contiguous downtown buildings and creation of the Seattle Children’s Hospital Research Institute.
Children’s purchased the Life Sciences Building at 1900 9th Avenue, a laboratory building which formerly housed the biotech company Corixa, for a recorded price of $108.9 million. The effective price, however, will be approximately $79.5 million, or $368 per square foot, after lease and improvement obligations due Children’s are considered.
Children’s also announced the acquisition of the former Qwest Building at 1915 Terry Avenue for $35.9 million, structured as a lease with an option-to-buy contract. The two buildings total 467,183-sq.-ft. The hospital plans to move laboratory research to its new campus throughout the next year. Children’s chose the downtown locations next to the South Lake Union neighborhood to be near Seattle’s growing research community, including its partners, the University of Washington and the Fred Hutchinson Cancer Research Center. The physicians and scientists that staff Children’s are faculty members at the University of Washington. Eventually, Children’s hopes to acquire 1 million-sq.ft.
Ecology Announces Low Impact Development Grant Recipients
Olympia - The Department of Ecology (Ecology) has announced the agency will provide $2.5 million to 10 local governments in the Puget Sound region to help fund innovative, low impact development stormwater management projects.
The grants can be used for projects on local government property, including rights-of-way or easements to meet stormwater-management needs and protect or restore water quality.
Low-impact development sites are designed to have fewer impervious surfaces and use vegetation, healthy soils, permeable pavement, dispersion and other infiltration techniques to manage stormwater close to where it originates.
The result is less polluted runoff that needs to be managed in smaller, centralized stormwater facilities, such as ponds. In some cases, centralized stormwater facilities may not be necessary.
Examples of LID projects include permeable pavement, rain gardens, vegetated roofs, reverse-slope sidewalks and rainwater-harvest projects.
Hearing Examine oks Large Housing Project
Walla Walla - County Hearing Examiner LeAnna C. Toweill issued an opinion in support of Illahee, an urban planned community proposed near the Walla Walla regional airport.
Examiner Toweill also recommended that the Walla Walla Board of Commissioners deny all appeals of the Mitigated Determination of Nonsignificance issued by the County Community Development Department in June.
Illahee encompasses 358 acres at State Route 12 and Harbert Rd. The open, non-gated community offers a mix of 365 single-family residences and townhomes, a 9-hole public golf course, 28 acres of vineyards and 10+ miles of publicly accessible biking and hiking trails.
Issaquah Apartments Sold for $36 million
Issaquah - The 266-unit Connemara Apart-ments complex in Sammamish, just east of Seattle, has been sold for $36.8 million.
The seller was BayConn LLC of New York, N.Y., while the buyer was Pacific Property Co. of Palo Alto, Calif.
Pacific Property in 2005 opened a Seattle office and has bought seven apartment complexes in the area in 2006, with another three expected to close by the end of the year.
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