Trammell Crow purchases Potala Place

Friday, December 28, 2018

Alexan Shoreline (Potala Place) is between
Aurora and Westminster Way at 155th


Trammell Crow Residential has purchased the triangular property at 15500 Westminster Way (between Aurora and Shoreline Place) formerly known as the location for Potala Place.

Trammell Crow paid $11.5 million for the two-acre site, which formerly belonged to Lobsang Dargey, who is currently in jail. The property was repossessed from Dargey and held by the bank. It is currently vacant land.

The process had already begun to get permits for an apartment building on the site. This process continued under several owners. The permit is now complete and ready for pick up.

Caron Architecture of Seattle originated plans for a two building, six-story, complex now known as Alexan Shoreline.

The 398,101-square-foot mixed-use development was designed to consist of 309 units (two bedrooms, one bedrooms and studios) 297 parking spaces and 199 bike parking spaces. The ceiling height was raised from the original plan to accommodate potential business use such as the leasing office for the site.



5 comments:

Anonymous,  December 29, 2018 at 12:13 PM  

wow traffic is going to suck even worse in that area!

Unknown December 29, 2018 at 2:39 PM  

this little community is turning into the worst place to live anymore with all the apartments being built and crime.

Anonymous,  December 31, 2018 at 6:22 PM  

High density can be done right. Visit the Netherlands. I'd rather not develop our forests.

Anonymous,  December 31, 2018 at 8:19 PM  

Do we know whether the builder will have any incentive to put up a building that has architectural interest? Some inspired design features would be wonderful--especially given the location's prominence in our city. This building will be there for many years. How about some design enhancements, please?

Anonymous,  January 22, 2019 at 6:31 PM  

Looks like another McApartment. Does it seem that every apartment complex being built in the Puget Sound has been designed by the same architect?

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