Pine Street Group LLC
Pine Street Group LLC

Seaboard Building

As part of its initial three-block project, Pine Street Development (PSD) acquired the ten-story landmark Seaboard Building at Fourth Avenue and Pike Street. PSD sold the property to Pine Street Associates II L.L.C. (PSA II), a subset of the original PSA investors, for redevelopment by Pine Street Group (PSG) into 24 high-end condominiums and 60,000 square feet of office and retail space.

Key to the feasibility of renovating this City of Seattle landmark was changing the City's Land Use Code to enable the in-filling of a U-shaped light well and the addition of penthouse condominiums. This enabled a significant structural upgrade of the property and created an additional nearly 20,000 square feet of office and condominium space for lease and sale.

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