Ok. You have heard it here before. I LOVE South Lake Union.
I love the proximity to freeways, the underdeveloped industrial buildings, the short walk to the waterfront, the vision of urbanization, the coffee, the new restaurtants, the SLU-Transit line, the condominiums, the new apartment projects and the thousands of employees that are now occupying this up and coming neighborhood. The latter is probably the most exciting aspect of the South Lake Union explosion in growth. Did you catch this article a few days ago? (Amazon.com on a hiring spree).
According to Amy Martinez, Amazon has 1,900 job postings in Seattle. They have moved 6,000 employees to the South Lake Union campus and are rumored to be moving another 4,000 between April and June of this year. Paul Allen’s grandiose dreams of urbanization are coming true. Look at this map . Once Vulcan’s construction is complete Amazon’s footprint will include 1,702,694 square feet of office space and 95,533 square feet of retail. This does not include the 460,000 square feet of office Amazon just leased at the 1918 office building at 8th and Virginia. It’s just 2 city blocks from SLU.
Bottom line is the word that best describes the future of South Lake Union is “upside”. There is upside for developers, homeowners, prospective condo buyers, restaurants, yoga studios, gyms, cafes and everything else within a few city blocks. I firmly believe that South Lake Union will be the epicenter of our city in the next few decades here in Seattle. If you caught the phenomenal article out of the NY Times today, Seattle’s existence and staying power is a direct result of our history of business, trade, education, and our entrepreneurial focus. We should feel fortunate that we have thousands of new transplants relocating to our incredible city. We have cultural diversity and visionaries that will continue to develop the areas we live, work and play. South Lake Union’s success will bring road improvement, greater means of transportation, more sustainable living and a future beyond any of our imaginations.
I made my point. As you consider your options for investing in a condo over the next few years, make sure you put SLU at the top of your list. You can thank me later.
South Lake Union Resources:
South Lake Union Condo Projects: