homeWelcome, sign in or click here to subscribe.login

IDX Tower

A Special Feature of DJC.COM
Oct. 3, 2002
The project team

National Office Partners (Hines and CalPERS), Seattle

Building management:
Hines, Seattle

Architect of record:
Kendall/Heaton Associates, Houston

Design architect:
Zimmer Gunsul Frasca Partnership, Seattle

General contractor:
PCL Construction Services, Bellevue

Structural engineer:
Skilling Ward Magnusson Barkshire, Seattle

Mechanical, electrical, plumbing engineer:
Flack + Kurtz, San Francisco

Civil engineer:
Coughlin Porter Lundeen, Seattle

IDX Tower
Photo by Jon Silver

Feature Stories

"Uncommon site poses steep challenges,"

"Shoring system opens doors to better design,"
By DAVID G. WINTER Shannon & Wilson

"A fresh approach for Seattles newest high-rise,"
By EV RUFFCORN Zimmer Gunsul Frasca Partnership

Is IDX Tower necessary?

With office vacancy rates in downtown Seattle hovering around 15 percent, the last thing it needs is a new high-rise, right?

Rob Hollister begs to differ. From a vacancy rate standpoint, (the IDX Tower) is not going to have a significant impact at all, the Hines executive said.

With much of the space already leased, Hollister said, the remaining 145,000 square feet will make up just a tiny fraction of the citys office market when it comes on line.

If anything, the new high-rise will add a sense of vibrancy to Seattles downtown, he said. As people go through the building and see the tenants moving in, it will remind them of reasons to be in downtown Seattle, Hollister said.

Tim OKeefe at Colliers International echoed that sentiment.

It is the first major tower to be built downtown in some time, and it shows the city is continuing to show growth, said OKeefe, whose real estate brokerage represents Hines at IDX.

Prospective tenants have responded well to the building, OKeefe said, particularly now that they can see it from the inside.

The Downtown Seattle Association also sees the project as a plus for the city. Were excited about any growth in Seattle, said marketing director Sylvia McDaniel.

Even though our vacancy rate has climbed, she said, were very optimistic that the economy will rebound in 2003.

A healthy, growing downtown will encourage other companies to migrate there, McDaniel said, citing Bellevue-based Corbis move to the Dexter Horton Building on Second Avenue.

They look at downtown as a great place to do business, she said.

By Jon Silver

IDX Tower fast facts

Location: Fourth Avenue and Madison Street, Seattle

Height: 512 feet, 40 stories (and two underground)

Size: 846,588 square feet

Project cost: $96 million

Groundbreaking: Sept. 19, 2000

Opening: Substantial completion on Oct. 15; first tenants in January

Major tenants: IDX Systems Corp., Preston Gates & Ellis, Deloitte & Touche, UBS PaineWebber, Regal Financial Bank

Occupancy: 82 percent leased

Rent: $28-$42 per square foot

Did you know?
  • The IDX Tower is Seattles first downtown high-rise office building to be completed since Key Tower in 1990.

  • Standing at 512 feet, IDX is now the citys 11th-tallest high-rise 2 feet shorter than Rainier Tower, but 19 feet taller than 1000 Second Avenue.

  • The towers 8,130-square-foot childcare facility, run by Bright Horizons Family Solutions, will be the largest downtown.

  • The IDX Tower has 16 elevators and 672 parking spaces.

Email or user name:
Forgot password? Click here.