BioMed Realty’s Dexter Yard, the company’s latest building in Seattle’s South Lake Union neighborhood celebrated a topping out ceremony earlier this week. Located at 700 Dexter Ave. N. and scheduled for completion later this year, Dexter Yard will offer approximately 500,000 square feet of tech office or life sciences laboratory and office space, and approximately 20,000 square feet of ground-floor retail space.
Nearly 1,000 individuals contributed to this milestone, with workers from OAC Services, Turner Construction, MacDonald-Miller, Cochran and SkB Architects and a host of valued service providers and subcontractors all made this momentous event possible.
“South Lake Union is a booming hub for the tech and biotech industries,” said Mike Ruhl, vice president and Seattle market lead at BioMed Realty in a statement when the construction of the development kicked off in 2018. “Dexter Yard represents one of the best and last opportunities for innovative companies that want to plug into Seattle’s most sought-after neighborhood.”
The design and inspiration for the 15-story Dexter Yard project respects the history and character of South Lake Union’s industrial past. With 360-degree views of Lake Union, downtown Seattle and Elliott Bay, the project creates a strong sense of place by enhancing the pedestrian experience at this transitional location between residential areas to the north and commercial developments to the south.
The Dexter Yard name reflects the project’s open, community-centric design and unique amenity space — the Pitch – that invites people to enjoy working and gathering here. Situated at the southwest corner of the property, at 8th Ave. N. and Roy St., the Pitch is a full-sized open athletic field that invites tenants and neighbors alike to play on site. The campus’ through-block connections and field house amenity space are designed to invite on-going activity and community engagement.
“We envision Dexter Yard as a gathering place for the neighborhood that provides energy and excitement from morning to dusk,” Ruhl added. “Whether you’re on the field playing soccer or ultimate frisbee or just enjoying the space as a spectator, there’ll always be something fun happening at Dexter Yard.”
BioMed Realty, a Blackstone portfolio company, is a leading provider of real estate solutions to the life science and technology industries. BioMed owns and operates high quality life science real estate comprising 13 million square feet concentrated in leading innovation markets throughout the United States and United Kingdom, including Boston/Cambridge, San Francisco, San Diego, Seattle and Cambridge, U.K. In addition, BioMed maintains a premier development platform with 3 million square feet of Class A properties in active construction to meet the growing demand of the life science industry. To learn more about BioMed Realty, visit biomedrealty.com, and follow the company on Twitter @biomedrealty.