Seattle, WA (April 2, 2015) – PCL Construction Services Inc. in Seattle has begun construction work on a $190 million, 41-story, mixed-use building, known as Potala Tower Seattle. The project is located in a prominent area between Belltown and South Lake Union of downtown Seattle on Fourth Avenue.
Named after the stunning 7th-century Tibetan palace, the 569,000-square-foot complex is designed to be a modern sanctuary where guests can relax in one of 142 hotel rooms, and residents can make a home in one of approximately 340 apartment units. The hotel portion of Potala Tower Seattle, Hotel Indigo, will be a boutique hotel celebrating Seattle’s Belltown and South Lake Union neighborhoods.
The ground level of the tower will hold the hotel lobby and the restaurant, which will feature a prominent local chef. Other levels will include meeting rooms, a pet lounge, fitness facilities, an outdoor lounge, and a sky terrace. Levels 11 through 41 will be luxury apartment units featuring unobstructed views of Elliot Bay. The tower will offer guests and residents great access to downtown, Lake Union, the Olympic Mountains, and the Space Needle.
“This is really a dream coming true,” said Lobsang Dargey, CEO of Dargey Development. “We are very excited to be creating such a great building within the Seattle community. Located between Belltown and South Lake Union, our guests and residents are just a few blocks away from Seattle’s famous Pike Place Market, the Space Needle, Experience Music Project, and local companies such as Amazon, Nordstrom, and Bill & Melinda Gates Foundation. PCL has been a great partner in helping this project come to fruition.”
Construction of Potala Tower Seattle has already begun and is scheduled to be complete in the summer of 2017.
About PCL Construction
PCL is a group of independent construction companies that carries out work across the United States, Canada, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, and buildings markets are supported by a strategic presence in 31 major centers. Together, these companies have an annual construction volume of more than $7 billion, making PCL one of the largest contracting organizations in North America. Watch us build at PCL.com.
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About Dargey Development
Dargey Development is a real estate development company that has been strengthening neighborhoods and communities since 2005. Dargey Development has earned a sterling reputation for envisioning and developing successful properties for their stakeholders. Their solid market knowledge, strong leadership and expertise provide a full-circle approach to real estate development, focusing on mixed use/multi-family, retail, office, and hotel opportunities. Follow our projects at www.dargey.com.