Stadium Place

Stadium Place, also known as the North Lot Development, is a mixed-use development project in the Pioneer Square neighborhood of Seattle, Washington, replacing a parking lot north of CenturyLink Field.The first phase of the project, located on the west side of 2nd Avenue South, was completed in 2014 and consists of The Wave, a 26-story residential high-rise building, and The Nolo, a 10-story apartment building. The second phase, on the east side, will be completed in 2017 and consist of an office building named Hawk Tower and a Embassy Suites hotel.BuildingsStadium Place consists of four buildings on two blocks along South King Street:The Wave: a 26-story, 260ft residential high-rise with condominiums (opened in 2014)The Nolo, a 10-story apartment building (opened in 2013)Hawk Tower: a 21-story office building partially leased by Avalara, to open in 2017FinancingDaniels Real Estate and R.D. Merrill have partnered to develop the almost $200 million project. As of February 2009, $20 million in a $51.5 million securities offering had been raised for the initial phase. The construction lender is Pacific Life Insurance Company.The project also used $300 million in EB-5 visa financing from foreign nationals.