“A remarkable partnership” someone whispered. That’s how it began. Our story of Building 11 at Magnuson Park. Right here in front of you stands Building 11 a testament to public-private collaboration.
Building 11 isn’t just a building. It’s a symbol of Seattle’s innovative spirit. It’s a historic structure revitalized through a unique partnership. This collaboration between the city and Building 11 Investors LLC demonstrates a commitment to preserving Seattle’s past. This while creating a vibrant future for the community.
The city initially sought proposals in 2005. They needed companies to renovate buildings in Magnuson Park. Building 11 Investors LLC answered that call. They entered into a 45-year master lease in 2008. This was a bold move. The agreement allows the company to lease the second floor commercially. This revenue helps fund reduced rates for nonprofits like Sail Sand Point. This ingenious model allows the building to serve multiple purposes. It benefits both the city and its residents.
The renovation is a major undertaking. Building 11 Investors LLC is investing approximately $11 million. They are remediating asbestos. Seismic upgrades are underway. They’re replacing outdated fire sprinklers. The building will be accessible to people with disabilities. The historic character of Building 11 will be restored. Without this partnership Building 11 might have been demolished. The city lacked the funds for such extensive improvements. Nearby Building 30 faced similar issues due to deterioration.
Building 11’s future looks bright. It will house an open-enrollment day care. There’s a critical need for such facilities in the area. A Virginia Mason Sand Point family facility will relocate to Building 11. This is a result of Seattle Children’s Hospital expansion. A family-oriented restaurant will also be a part of this revitalized space. The building will offer about 5000 square feet of space for artist studios. A new park entrance will also be funded by the company. It will increase park access and improve the visitor experience.
Building 11 isn’t just about bricks and mortar. It’s a story of collaboration innovation and community. It’s a beacon of hope for the future of Magnuson Park. It is a testament to Seattle’s enduring commitment to its parks and its people. The story of Building 11 should inspire us all. It shows what can be accomplished through partnership and vision.