Case Studies: 1200 Stewart
Two Striking 48-story Residential Towers Perfectly Situated Near Seattle’s Amazon and Google Campuses
1200 Stewart Street, Seattle WA 98101
We provided short-term land acquisition financing to Westbank, one of North America’s leading developers, as it finalized its plans for the development of the project comprised of two 48-story towers with 1,051 residential units above a 3- story podium with over 150,000 sf retail space.
“Located at the Eastern edge of the Denny Triangle neighborhood, 1200 Stewart is a gateway project for downtown Seattle.”
Vancouver, B.C. developer Westbank Property Corp had designed a two-tower residential, mixed-use project in downtown Seattle that reflected the balance between the surrounding urban and natural environment while adding a new landmark to the City of Seattle. They needed a land loan to acquire the 1200 Stewart site selected for the project. Bob Watson of R.M. Watson Co. recommended The Benaroya Company because of our speed and certainty we provide on financing for entitled projects. Westbank CEO Ian Gillespie’s outstanding reputation and financial capacity made it an easy decision for The Benaroya Company to provide Westbank the financing it needed.
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