Pacific Place (Seattle)

Pacific Place
	Panorama of the interior in 2012
Location	Seattle, Washington, U.S.
Coordinates	47°36′45″N 122°20′07″W / 47.61250°N 122.33528°WCoordinates: 47°36′45″N 122°20′07″W / 47.61250°N 122.33528°W
Opening date	October 29, 1998
Developer	Pine Street Group L.L.C.
Management	Madison Marquette
Owner	Madison Marquette
Architect	NBBJ
No. of anchor tenants	3
Total retail floor area	335,000 square feet (31,100 m2)
No. of floors	5
Parking	Underground parking garage
Website	pacificplaceseattle.com

Pacific Place is an upscale shopping center in downtown Seattle, Washington, United States. Opened on October 29, 1998, it is located at 6th Avenue and Pine Street and has a total area of 335,000 square feet (31,100 m²). It has five floors, the uppermost of which features an 11-screen AMC Theatre (formerly General Cinema) and various restaurants. The concourse level includes Barnes & Noble, AT&T and GameStop stores. Pacific Place also features a skybridge that connects it to Seattle's Nordstrom flagship. During the Christmas season, there is an artificial snow display every night at 6 p.m. in the atrium.

On July 14, 2014, Pacific Place was sold for $271 million to Madison Marquette, a Washington, D.C.-based commercial real estate company.^[3] On September 2016, Madison Marquette completed the purchase of the Pacific Place parking garage from the city of Seattle for $87 million.^[4] A redevelopment of the mall was announced on March 2017 to expand space for shops and remodel the common areas.^[5] After over two years of redevelopment, Pacific Placed reopened in June 2020.^[6]^[7] Throughout 2021, small independent shops and art non-profits have utilized vacancy spaces for business and artistic activities.^[8]

Scandal[]

In a 1998 article by Mark Worth, the Seattle Weekly revealed that consultants linked to Pacific Place developer Jeff Rhodes had secured a $47 million low-interest loan to help build a for-profit parking garage beneath the mall. The loan was obtained through the Washington State Housing Finance Commission, a government agency whose mission is to support low-income housing and other needy projects. The parking garage also served a Nordstrom store across the street.^[9]

References[]

^ Moriwaki, Lee (October 25, 1998). "Pacific Place -- Will Opening Of Downtown's Newest Shot In The Arm Be Clouded By Recession?". seattletimes.com. The Seattle Times. Retrieved January 6, 2020. Pacific Place, the retail-cinema-restaurant complex that will add glitz and variety to downtown Seattle, opens Thursday (the 29th) at Sixth Avenue and Pine Street.
^ http://www.pacificplaceseattle.com/art/11595_eprint.pdf
^ "Pacific Place mall sold for $271M". The Seattle Times. July 14, 2014. Retrieved December 1, 2021.{{cite news}}: CS1 maint: url-status (link)
^ "Seattle sells Pacific Place garage for $87 million, paving way for mall remodel". The Seattle Times. September 29, 2016. Retrieved December 1, 2021.
^ Stiles, Marc (March 21, 2017). "Major renovation of Pacific Place will add 'grand entrance' from South Lake Union". Puget Sound Business Journal. Retrieved December 1, 2021.{{cite news}}: CS1 maint: url-status (link)
^ Long, Katherine Anne (August 21, 2020). "After lengthy renovation, downtown Seattle's Pacific Place reopens with many vacancies at a difficult time for malls". The Seattle Times. Retrieved December 1, 2021.
^ "Malls, stores, and restaurants reopening Saturday around Washington". KOMO News. June 6, 2020. Retrieved December 1, 2021 – via Seattle Post-Intelligencer.{{cite news}}: CS1 maint: url-status (link)
^ Vansynghel, Margo (November 24, 2021). "Ghost mall goes indie: Pacific Place gets a new lease on life". Crosscut.com. Retrieved December 1, 2021.{{cite news}}: CS1 maint: url-status (link)
^ "King Street, easy street". Retrieved September 2, 2016.

External links[]

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[1] Moriwaki, Lee (October 25, 1998). "Pacific Place -- Will Opening Of Downtown's Newest Shot In The Arm Be Clouded By Recession?". seattletimes.com. The Seattle Times. Retrieved January 6, 2020. Pacific Place, the retail-cinema-restaurant complex that will add glitz and variety to downtown Seattle, opens Thursday (the 29th) at Sixth Avenue and Pine Street.

[2] ttp://www.pacificplaceseattle.com/art/11595_eprint.pdf

[3] "Pacific Place mall sold for $271M". The Seattle Times. July 14, 2014. Retrieved December 1, 2021.{{cite news}}: CS1 maint: url-status (link)

[4] "Seattle sells Pacific Place garage for $87 million, paving way for mall remodel". The Seattle Times. September 29, 2016. Retrieved December 1, 2021.

[5] Stiles, Marc (March 21, 2017). "Major renovation of Pacific Place will add 'grand entrance' from South Lake Union". Puget Sound Business Journal. Retrieved December 1, 2021.{{cite news}}: CS1 maint: url-status (link)

[6] Long, Katherine Anne (August 21, 2020). "After lengthy renovation, downtown Seattle's Pacific Place reopens with many vacancies at a difficult time for malls". The Seattle Times. Retrieved December 1, 2021.

[7] "Malls, stores, and restaurants reopening Saturday around Washington". KOMO News. June 6, 2020. Retrieved December 1, 2021 – via Seattle Post-Intelligencer.{{cite news}}: CS1 maint: url-status (link)

[8] Vansynghel, Margo (November 24, 2021). "Ghost mall goes indie: Pacific Place gets a new lease on life". Crosscut.com. Retrieved December 1, 2021.{{cite news}}: CS1 maint: url-status (link)

[9] "King Street, easy street". Retrieved September 2, 2016.

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