Kiara (also known as 970 Denny Way) is a

residential A residential area is a land used in which houses, housing predominates, as opposed to industrial district, industrial and Commercial Area, commercial areas. Housing may vary significantly between, and through, residential areas. These include ...

skyscraper in

Seattle Seattle ( ) is the most populous city in the U.S. state of Washington and in the Pacific Northwest region of North America. With a population of 780,995 in 2024, it is the 18th-most populous city in the United States. The city is the cou ...

Washington Washington most commonly refers to: * George Washington (1732–1799), the first president of the United States * Washington (state), a state in the Pacific Northwest of the United States * Washington, D.C., the capital of the United States ** A ...

. The 40-story, tower has 461 apartments and was completed in 2018. It is first skyscraper in the

South Lake Union South Lake Union (sometimes SLU) is a neighborhood in central Seattle, Washington, so named because it is at the southern tip of Lake Union. The official boundaries of the City of Seattle Urban Center are Denny Way on the south, beyond which ...

neighborhood and is one of the few highrise buildings outside the traditional boundaries of

Downtown Seattle Downtown is the central business district of Seattle, Washington. It is fairly compact compared with other city centers on the U.S. West Coast due to its geographical situation, being hemmed in on the north and east by hills, on the west by ...

. The building is located at the intersection of Denny Way and Terry Avenue, near the headquarters of ''

The Seattle Times ''The Seattle Times'' is an American daily newspaper based in Seattle, Washington. Founded in 1891, ''The Seattle Times'' has the largest circulation of any newspaper in the state of Washington and the Pacific Northwest region. The Seattle Time ...

'' and the

Cornish College of the Arts Cornish College of the Arts (CCA) was a Private college, private art school, art college in Seattle, Washington. It was founded in 1914 by music teacher Nellie Cornish. The college's main campus is in the Denny Triangle, Seattle, Denny Triangle ...

. Kiara is owned by Pontegadea, who acquired the building in 2022.

Design and features

Developer Holland Partner Group contracted architecture firm Weber Thompson to design a building that reflected both the industrial origins of the neighborhood (as seen in the six-story brick

podium A podium (: podiums or podia) is a platform used to raise something to a short distance above its surroundings. In architecture a building can rest on a large podium. Podiums can also be used to raise people, for instance the conductor of a ...

) as well as the

high-tech High technology (high tech or high-tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or ...

future (as seen in the tower's glass exterior). The building will feature a 374-stall

parking garage A multistorey car park (Commonwealth English) or parking garage (American English), also called a multistorey, parking building, parking structure, parkade (Canadian), parking ramp, parking deck, or indoor parking, is a building designed fo ...

, as well as 188 bike spaces, and amenity spaces such as an outdoor porch and rooftop deck. The podium will house of retail space. The building's penthouse is and has a monthly lease of $19,265.

History

Holland Partner Group announced plans for a 40-story residential skyscraper on the site in December 2014, and purchased the site in March 2015 for $20.1 million. The design was approved by the city of Seattle in December 2015, allowing for construction to begin in January 2016 with the demolition of a three-story

warehouse A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the rural–urban fringe, out ...

on the project site that was built in 1927. The building was opened on September 1, 2018. Kiara was sold by Holland in 2020 to

Oxford Properties Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Establ ...

, a Canadian real estate investor, for approximately $320 million. Spanish investment firm Pontegadea, owned by Amancio Ortega, acquired the building in December 2022 for $322.2 million. Oxford stated to the ''

Seattle Daily Journal of Commerce The ''Seattle Daily Journal of Commerce'' is a daily (six days per week) newspaper based in Seattle, Washington specializing in business, construction, real estate, and legal news and public notices. History Seattle Daily Journal of Commerce ...

'' that they intended to invest the proceeds in other types of properties, including those in the Seattle area.

References

{{Seattle skyscrapers Residential buildings completed in 2018 Residential skyscrapers in Seattle Buildings and structures in South Lake Union, Seattle 2018 establishments in Washington (state)