At this time next year the 76th Avenue Professional Building at the busy intersection of 76th Avenue W. and 220th Street in Edmonds should be open for business.
A ceremonial ground-breaking for the 68,000-square-foot building took place Sept. 8 with owners and city officials in attendance. Anticipated completion date is August 2006.
Edmonds’ most recent Class A office building will house medical practices and serve as the new headquarters for the Edmonds-based Taylor Gregory Butterfield (TGB) Architects and HammerWorks Construction Services.
TGB Architects and HammerWorks have been involved in the design and building of local medical buildings, churches and the downtown Edmonds building containing Tully’s and Windermere Real Estate, according to architect Kent Gregory. The architectural firm also designed Stevens Pavilion east of Stevens Hospital.
Both the lot and building are owned by a limited-liability corporation composed of Samuel Seto M.D.; Robert Landerholm M.D.; Jane Yong, D.D.S.; and architects Brad Butterfield, John Taylor, Lois Broadway and Gregory. All the owners will occupy offices in the new space.
Despite what Gregory called a “pretty complex land-use ordeal” involving a contract rezone of adjacent property and a request for vacation and subsequent purchase from the city of 219th Street, he said project development was relatively smooth and took about two years from drawing board to ground-breaking.
Class A buildings usually are of a relatively high quality, in a desirable location and charge higher rents than Class B and C buildings because they cost more to build and maintain.
The 76th Avenue building contains 48,330 square feet of office space, of which about 80 percent has been leased, Gregory said.
According to the Commercial Brokers Association, the space is being offered at $25 per foot, which Gregory said is approximately the same as Stevens Pavilion — another Class A building – and more than surrounding medical space.
GVA Kidder Mathews is handling lease inquiries.
Jennifer Gerend, Edmonds director of economic development, called the building an important gateway to the medical corridor anchored by Stevens Hospital. She added that it falls in line with the city’s goals for the Medical/Highway 99 Activity Center in its Comprehensive Plan.