South Lake Union

SLU or South Lake Union is a neighborhood in the beautiful city of Seattle, Washington, called for its location on Lake Union’s southern tip. The Denny Way is the official boundaries on the south of the City of Seattle or Urban Center, which is bordered by Denny Triangle; on the east, which is bordered by Capitol Hill; (State Route 99) on the west is the Aurora Avenue N., which is bordered by Galer Street, Lower Queen Anne, and Lake Union.

  1. Newton Place is on the north, which is bordered by Eastlake and Westlake, but its precise boundaries, like those of most Seattle neighborhoods, are indeterminate. Property owned by Vulcan Inc. And the Cornish College of the Arts, such as 2201 and 2200 Westlake, is formally in Denny Triangle for municipal zoning and planning purposes, but it is mostly known as South Lake Union. The area of South Lake east of Fairview Avenue N. has a long story behind it. Today, historic structures can be found in the region of Cascade.

 Mercer Streets and Valley (west and eastbound), 9th, Dexter, Fairview Avenues N., Westlake, and Eastlake Avenue E. are the city’s main thoroughfares (north-part and southbound). The city solved transportation difficulties by making Mercer Street a six-lane and two-way boulevard with trees, and Valley Street with a double pedestrian street.

Economy

The headquarters of the Jones Soda Company used to be in South Lake Union. Amazon’s SLU site contains over 25 buildings and thousands of employees, with more in the Denny Triangle neighborhood nearby.

Amazon started in October 2012 that it would spend more than $1 billion to buy Microsoft founder Paul Allen’s investment firm’s South Lake Union offices. According to Real Capital Analytics, based on the deal’s worth, Amazon would pay the highest ever price for an office building over 100,000 square feet in Seattle, roughly $644 per square foot, more than double the city’s then-current average cost of $308 per square foot.

Housing

South Lake Union included houses for both workers and mill owners in early Seattle history, notably David Denny’s home at Dexter Ave N and Republican St. By the 1960s, landowners such as the Seattle Times had bulldozed acres of dwellings to make way for parking lots, leaving just the Cascade Neighborhood as a viable residential choice. The mayor’s “In-City Living Task Force” envisioned 50,000 housing units in high-rise apartments in South Lake Union and Belltown as early as 1972.

Since the City Council launched an economic revitalization initiative in 2003, South Lake Union has experienced significant growth in housing, with 1,850 new units, totaling 2,000,000 square feet (190,000 m2), constructed or slated to be finished by the end of 2008. [30] [needs to be updated] While the majority of the new housing is market-rate, neighborhood affordable housing advocates were successful in getting a large number of units reserved for “the [previously] homeless, low-income, and mentally ill.”

South Lake Union is becoming a hotspot for life science businesses, thanks to recent development proposals by Paul Allen’s Vulcan Inc. and other renowned developers. Centers are focused on Allergy & Inflammation, Cardiovascular Biology & Regenerative Medicine, Lung Biology, and Translational Medicine in Women’s Health are among the many research fields.

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