Seattle Southside's real estate market is diverse, with a variety of opportunities for new business leasing, acquisition, and construction in the office, retail, industrial, and residential sectors. Seattle Southside has available land and existing space for companies interested in developing new workspaces or expanding into newer or larger quarters. For those concerned with housing alternatives for executives and employees alike, Seattle Southside offers homes with scenic water views, rustic retreats with country appeal, in-city living with urban amenities, and just about everything in between.
Burien is in the process of constructing Burien Town Square, a unique project that will revitalize the downtown Burien core and the Seattle Southside region as a whole. Burien Town Square will include three residential buildings with more than 300 condominiums over shops and restaurants, eight town homes and ten live/work homes, up to 70,000 square feet of retail, a new one-acre city park, as well as street and underground parking for more than 600 cars. With Urban Partners LLC as the main developer, this project is due to be completed by 2009.
Des Moines offers an excellent blend of quality homes, natural beauty, and business opportunity, all within minutes of the Seattle and Tacoma metropolitan areas. Des Moines, with its six miles of shoreline, has neighborhood housing of every type and price range. The city also has numerous commercial properties ready for redevelopment and is encouraging a variety of retail and industrial development throughout the area, including commercial development on Marine View Drive and in Pacific Ridge, and industrial development in the Des Moines Creek area. The Des Moines Creek Business Park Project, located south of Seattle-Tacoma International Airport and on Port of Seattle property, will consist of industrial buildings totaling one million square feet, developed primarily as industrial buildings, office, research and development or destination retail, designed for single users or multiple tenants.
Normandy Park is a small community with an eclectic mix of housing surrounded by wooded natural areas, streams and amazing views of Puget Sound, the Olympic Mountains and Mount Rainier. Located just minutes from Seattle-Tacoma International Airport, downtown Seattle or downtown Tacoma makes Normandy Park an attractive place to live and work. Housing options range from apartments to large waterfront estate properties and everything between. The low crime rate, over 100 acres of park land, and top-rated Marvista Elementary School make Normandy Park a desirable location for families. Normandy Park Towne Center, built in 2007, offers more than 50,000 square feet of commercial space and an approved site plan for future expansion. Recently, the City of Normandy Park initiated the process for the Manhattan Village Area Redevelopment Master Plan, which will create a master plan for the redevelopment of approximately 20 acres of existing commercial and multi-family. The City of Normandy Park is also conducting a zoning study, which will identify options for rezoning areas within the 1st Avenue South corridor
The City of SeaTac is actively pursuing new businesses interested in taking advantage of the city's strategic location within the region and immediate access to Seattle-Tacoma International Airport. This proximity offers great opportunities for industries in which direct access to either air cargo or passenger flights is of paramount importance. SeaTac offers an abundance of industrial real estate which promises to be augmented as development opportunities directly adjacent to the airport are brought to market. Office users can take advantage of 1.3 million square feet of office space, with development opportunities available for large, build-to-suit users. The city of SeaTac is currently focused on enhancing its retail offerings, specifically quality dining and entertainment opportunities, in order to serve not only local residents but also visitors staying in one of the city's 5,300 hotel rooms. In fact, SeaTac is currently working to encourage mixed-use, transit oriented development in two distinct areas surrounding the forthcoming Link light rail line to the city.
Tukwila offers affordable homes, new neighborhoods such as Tukwila Village and the Tukwila Urban Center, available office and impressive retail space. The Westfield Southcenter Mall expansion will add 400,000 square feet of retail, making it the largest mall in Washington State. Southcenter Square was recently redeveloped with over 200,000 square feet of stores and opened in the fall of 2007. The Segale Properties, an area of nearly 500 acres of developed and undeveloped property, is planning to be redeveloped into 14 million square feet of office, research and development, warehouse, and retail space, with an additional 2,000 housing units.