Friday's Wall Street Journal has an interesting update on plans to dramatically redevelop a large swath of land near downtown Seattle, an opportunity to create "something akin to Rockefeller Center," according to the landlord.
Clise Properties has long had big ideas for its 13 acres in the so-called Denny Triangle, which was rezoned for tall buildings last year. Coverage of those plans includes this Seattle Times piece from over a year ago.
The Journal's story raises the question of whether Clise waited too long to sell the property, with long-term interest rates now at five-year highs. Scion Al Clise is quoted as saying he may take the land back off the market if he doesn't get a lucrative enough offer. He also says he's open to uses such as green space and cultural facilities, in addition to the usual office towers and expensive condos.
UPDATE: Both Seattle dailies posted stories on the huge redevelopment plan by late Friday morning, citing press releases or statements from Clise. Both seem to assume that a major project is inevitable. Neither credited the Journal.