With Seattle continuing to develop at a rapid rate, it comes as no surprise that downtown neighborhood Denny Triangle is slated to add nearly 10,000 new homes — more than doubling its current housing supply.
According to Curbed Seattle, Denny Triangle — defined as the area between Olive Way, Denny Way, Fourth Avenue, and I-5 — currently has 8,000 housing units. With an added 33 approved and pending construction projects, the area’s housing stock will total approximately 18,000 units in the coming years.
The only approved condominium project at this time is NEXUS, a new multibillion-dollar high-rise expected to complete in 2019. This housing development, along with 16 other apartment buildings approved for the area, will dramatically change the face of Denny Triangle.
“It’s going to be a very different experience in a few years,” said Michael Cannon, sales director for NEXUS, in a release. “It’s going to look like Madison Avenue in New York City, and offer a similar lifestyle.”
Due to its proximity to the burgeoning South Lake Union district and downtown’s vibrant neighborhoods — not to mention Amazon’s second downtown campus—Denny Triangle has become a hub for Seattle’s flourishing young professional community.
“I’ve experienced similar development booms in Vancouver, B.C. and San Diego. It really doesn’t come as any surprise to me that Seattle was next to witness this kind of density, especially considering the levels of job creation and lifestyle being offered,” said Cannon.
With its influx of business and residential opportunities, the imprint of changes on Denny Triangle is expected to take effect by 2020.