U.S. Bank Center (Seattle) Explained

U.S. Bank Center
Alternate Names:City Centre
US Bank Centre
Pacific First Centre
Location:1420 5th Avenue
Seattle, Washington, U.S.
Coordinates:47.6106°N -122.3345°W
Map Type:Seattle WA Downtown
Start Date:1987
Completion Date:May 30, 1989
Building Type:Commercial offices
Architectural Style:Postmodern
Antenna Spire:185m (607feet)
Roof:176.79abbr=on0abbr=on
Floor Count:44
8 below ground
Parking:989 stalls
Floor Area:943575square feet
Architect:Callison Architecture
Main Contractor:Sellen Construction
Developer:Prescott Inc.
Owner:EQ Office
References:[1]

U.S. Bank Center, formerly U.S. Bank Centre, is a 44-story skyscraper in Seattle, in the U.S. state of Washington. The building opened as Pacific First Centre and was constructed from 1987 to 1989. At 607feet, it is currently the eighth-tallest building in Seattle and was designed by Callison Architecture, who is also headquartered in the building. It contains 9435750NaN0 of office space.[2]

History

The site, between 5th and 6th avenues and bound to the north by Pike Street and south by Union Street, was home to the Music Box Theatre, the Windsor Hotel, and a jewelry store for several decades.[3] A 46-story high-rise, named the Stimson Center, was announced in 1983 and would have been the third-tallest building in Downtown Seattle at 588feet.[4] [5] The complex was slated to cost $200 million and include a major department store in a seven-story podium that would also encompass the largest parking garage in Downtown Seattle, with capacity for 1,200 vehicles to replace the garage for the Washington Athletic Club. The oval-shaped tower, designed by architect and co-developer John Graham & Company, would have had glass and light-colored stone cladding.[6]

A street vacation was granted by the Seattle City Council in March 1985 after opposition due to its large size.[7] The Music Box and adjacent Town Theater closed the following month.[8] Financing for the project collapsed in late 1985 after several major tenants pulled out, including law firm Perkins Coie;[9] AT&T was also sought as a potential major tenant, but they instead chose the Gateway Tower.[10] By then, infighting between co-developers Graham and C.D. Stimson Company had escalated to lawsuits between the parties amid debts of $12 million.[11] The development was bought out in 1986 by Prescott, Inc. and retooled into a 44-story tower that would initially be named the 1420 Fifth Avenue Building.[4] The city council approved new plans for the tower in December 1986.[7]

Tacoma-based Pacific First Bank announced in February 1987 that it would move 225 employees into the building, which was renamed the Pacific First Centre.[12] Other major tenants included law firm Lane, Powell, Moss & Miller and Callison, the project's architect.[13] Prescott later became the first Seattle developer to court a Japanese firm for financing when it partnered with the Hazama Corporation and later the C. Itoh & Co.[14] [15] Demolition of the site's buildings, which had sat vacant for years, began in August.[16] Sellen Construction was the general contractor for the project.[17] An ironworker died from a fall at the Pacific First Centre construction site on August 22, 1988; the Washington State Department of Labor and Industries fined subcontractor The Erection Company $24,500 for safety violations as a result.[18]

The Pacific First Centre opened on May 30, 1989, amid an oversupply of downtown office real estate.[19] It was 21 percent vacant by 1990 and the building's deed was transferred to financer Seafirst Bank in September 1989 to stave off a potential foreclosure. Prescott then re-acquired the building in December 1990.[20] The Pacific First Centre included a three-story public lobby, shopping center with upscale retailers, and two-screen movie theater;[21] the 23rd floor had a Montessori school and daycare, among the first in Seattle for a downtown office building.[22] [23] FAO Schwarz opened a toy store at the Pacific First Centre in 1995 and installed a 5000lbs teddy bear statue outside the building at the corner of Pike Street and 6th Avenue.[24] The store closed in 2004.[25]

Pacific First was acquired by Washington Mutual in 1993 and planned to vacate the tower; U.S. Bank announced an eight-story lease and naming rights deal that was finalized that year.[26] The bank began its move into the building, renamed the U.S. Bank Centre, in December 1993.[27] The U.S. Bank Centre was sold to Bentall (later part of Ivanhoé Cambridge) for $236 million in 1998; a 50 percent stake was sold the following year to Emirati firm Emaar Properties for $130 million.[28] The complex's movie theater took several years to become profitable and was operated by Loews Cineplex until it closed in February 2001.[29] [30]

The U.S. Bank Centre and Docusign Tower were purchased by EQ Office, a subsidiary of Blackstone Inc., in 2019 for $1.2 billion.[28] In 2021, EQ announced a major, two-year renovation of the public lobby and shopping center, estimated to cost $70 million.[31] The new commercial space, named "Cedar Hall", opened in June 2023 and comprises 155000square feet across three floors. The building was also renamed to the U.S. Bank Center at this time.[32]

Design

The Pacific First Centre was designed by Gerry Gerron of Callison Architecture, who intended its lobby and retail areas to comprise an "indoor street" and a third place for the public. Its lowest three floors included a mix of upscale retail and restaurants as well as a Cineplex movie theater and chain restaurants. The lobby was described as "friendlier" than other Seattle skyscrapers despite its "elegant and posh" finishes, which included marble and granite between large windows.[33] The skyscraper's crown is pointed and resembles an Egyptian obelisk.[34]

Art collection

The public shopping area in the building's lower levels has a permanent collection of works by noted artists, funded by 1% set-aside of the construction costs. The collection includes Flower Form 2 by Dale Chihuly.

See also

Notes and References

  1. Web site: Emporis building ID 119459 . https://web.archive.org/web/20160422051330/https://www.emporis.com/buildings/119459 . dead . April 22, 2016 . Emporis.
  2. Web site: 2020 . Major Offices, Specialty Area 280: Commercial Revalue for 2020 Assessment Roll . 71 . King County Department of Assessments . April 17, 2023.
  3. News: Hildebrand . Grant . April 8, 1984 . Mutual Life renovation shows Pioneer Square is still healthy . D12 . Seattle Post-Intelligencer.
  4. News: Iritani . Evelyn . March 13, 1986 . Stimson Center is reborn with new developers . B7 . Seattle Post-Intelligencer.
  5. News: Schaefer . David . January 10, 1985 . City council taking long look at Stimson Center . B1 . The Seattle Times.
  6. News: Lane . Polly . April 30, 1984 . Stimson Center set for '85 construction . B9 . The Seattle Times.
  7. News: December 18, 1986 . Work to begin on the 44-story successor to Stimson Center . B10 . Seattle Post-Intelligencer.
  8. News: Jones . Lansing . April 15, 1985 . Lights go out on downtown cinemas . B2 . The Seattle Times.
  9. News: Mahoney . Sally Gene . August 2, 1985 . Stimson Center loses major tenant . B3 . The Seattle Times.
  10. News: McDermott . Terry . December 17, 1989 . High Rise: Paying Up . A1 . The Seattle Times.
  11. News: Wilson . Duff . March 24, 1986 . Skyscraper project mired by infighting . A1 . Seattle Post-Intelligencer.
  12. News: Updike . Robin . February 19, 1987 . Pacific First moving to Seattle building . B1 . The Seattle Times.
  13. News: Ramsey . Bruce . February 20, 1987 . It's official: Pacific First is leaving Tacoma for Seattle . B8 . Seattle Post-Intelligencer.
  14. News: Hayes . Janice . April 29, 1987 . Japanese to help finance tower . F1 . The Seattle Times.
  15. News: Larson . Gary . June 12, 1988 . No strangers to our shores . A1, A12 . . . September 1, 2023.
  16. News: August 13, 1987 . Prescott: Demolition to begin for Pacific First . B9 . Seattle Post-Intelligencer.
  17. News: Erickson . Jim . June 9, 1989 . An unsettling development . B6 . Seattle Post-Intelligencer.
  18. News: Gilbert . Michael . November 29, 1989 . State fined company twice for safety errors in 1988 . A1 . The News Tribune . Newspapers.com . September 1, 2023.
  19. News: May 30, 1989 . Pacific First Tower opens . E1 . The Seattle Times.
  20. News: Matassa Flores . Michele . December 6, 1990 . Developers buy back high-rise . F1 . The Seattle Times . September 1, 2023.
  21. News: Lawhead . Terry . December 28, 1989 . Pacific Centre draws interest . H1 . The Seattle Times.
  22. News: Angelos . Constantine . September 28, 1989 . Day care opens in midst of skyscraper . B3 . The Seattle Times.
  23. News: King . Harriet . October 14, 1990 . Seattle Induces Office Builders to Include Child Care . sec. 3, p. 10 . . September 1, 2023.
  24. News: Bishop . Todd . December 26, 2002 . Zany Brainy, downtown FAO Schwarz expected to survive . Seattle Post-Intelligencer . October 25, 2023.
  25. News: Frey . Christine . January 20, 2004 . Bid of $11,800 secures FAO Schwarz bear for child care center . Seattle Post-Intelligencer . October 25, 2023.
  26. News: Matassa Flores . Michele . April 14, 1993 . U.S. Bank to get a tower to call its own in major deal . A1 . The Seattle Times.
  27. News: December 6, 1993 . Moving day . E1 . The Seattle Times.
  28. News: Miller . Brian . July 1, 2019 . EQ Office buys 2 downtown Seattle high-rises for $1.2B . . September 1, 2023.
  29. News: Arnold . William . November 30, 1996 . Screen test: Cineplex Odeon takes a gamble in downtown mega-multiplex . B1 . Seattle Post-Intelligencer.
  30. News: February 15, 2001 . Loews chain closing City Centre theater . C1 . Seattle Post-Intelligencer.
  31. News: Silver . Jon . June 15, 2021 . EQ Office unveils plans for $70M US Bank Center makeover . . September 1, 2023.
  32. News: Hinchliffe . Emma . July 24, 2023 . Cedar Hall debuts at U.S. Bank Center . Seattle Daily Journal of Commerce . subscription . September 1, 2023.
  33. News: King . Marsha . April 8, 1990 . A center of attention — Shopping, dining, and great glass: Pacific First Centre offers enclosed encounters of the varied kind . K1 . The Seattle Times.
  34. News: McDougall . Connie . August 18, 2005 . Tour of skyscrapers hits a lot of high points . The Seattle Times . October 25, 2023.