Written by There was a noteworthy real-estate transaction reported to the city this past week. Boeing has sold 19 acres of property next to the Landing to private investors, a likely first step toward expansion of the urban village and shopping center. This property has excellent commercial development potential, and has already been extensively evaluated for traffic and other impacts. It had even been tentatively approved for location of a new NBA Basketball Stadium.
Many of us aerospace-types in Renton used to work on this site, as it was home to Boeing’s 10-80 and 10-85 Renton engineering buildings for decades. These buildings were not very space-efficient, as they were only one and two stories. (The 10-80 building was probably the largest one-story office building I’ve ever seen). In recent years these engineering teams have been relocated into other buildings in Renton.
Here is the full story in the Seattle Times. (Note that as of the time of this posting, there is an error in the math in the Seattle Times story. The price per acre for this transaction would be $530,000 per acre, not $53,000 per acre as reported. Likewise, the price of the original Landing property was off by a factor or ten on a per-acre basis. I suspect the Times will correct this error shortly.)
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