Project Includes Reimagining of Amenity Program to Enhance Client Success
SEATTLE – July 10, 2023 – BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today its plans for repositioning Safeco Plaza, located at 1001 4th Avenue in the heart of Seattle’s Central Business District. BXP acquired the 50-story, 800,000-square-foot premier workplace in July 2021 — marking the company’s first investment in the Seattle region.
“BXP continuously invests in our properties to ensure they are meeting and exceeding our clients’ needs,” said Kelley Lovshin, Vice President, Seattle Region at BXP. “With this project, we are honoring Safeco Plaza’s rich, distinguished legacy in Seattle while breathing new life into this centrally located, highly efficient property. We’re confident it will help our clients recruit and retain the best talent and drive their businesses forward. This project also underscores BXP’s long-term commitment to investing in Seattle’s downtown core.”
The initial phase of the project is already underway and will focus on client amenity spaces, including the buildings’ two lobbies at the entrances on 3rd Avenue and 4th Avenue, a boardroom, a spacious library, a fitness club, and a bike hub for clients and their guests. Safeco Plaza was the tallest building in Seattle when it opened, and enjoys panoramic views in every direction, a benefit of its full-block location.
BXP drew inspiration for the repositioning effort from its highly successful common areas at Madison Centre, which the company acquired in May 2022. BXP was drawn to the building’s robust client roster and best-in-class amenities program, which includes a large conference center, a boardroom, a spacious fitness center featuring an exclusive partnership with the Washington Athletic Club, a rooftop amenity space, a library, and a three-story rotunda.
BXP’s project team for the Safeco Plaza repositioning includes the following:
- Aedas – Architecture
- Magnusson Klemencic Associates | MKA – Engineering
- Lease Crutcher Lewis – General Contractor
- Greg Inglin and Tim Owens, CBRE – Brokerage
BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic markets – Boston, Los Angeles, New York, San Francisco, Seattle and Washington, D.C. BXP has delivered places that power progress for our clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of March 31, 2023, including properties owned by unconsolidated joint ventures, BXP’s portfolio totaled 54.5 million square feet and 192 properties, including 15 properties under construction/redevelopment. For more information about BXP, please visit our website or follow us on LinkedIn or Instagram.