Amazon buys yet another slice of Seattle land for $52M

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Amazon paid $52.2 million for the block between Seventh and Eighth avenues, and Bell and Blanchard streets. Via Google StreetView.

Amazon continued its expansion throughout Seattle today with another purchase of a block just near the company’s new 3.3 million square foot campus in the Denny Triangle area that’s currently under construction.

mapFirst reported by The Puget Sound Business Journal, Amazon paid $52.2 million to Clise Properties for the block between Seventh and Eighth avenues, and Bell and Blanchard streets.

The block, north of the new campus, is home to the Hurricane Cafe, a Budget Car Rental office, a Cornish College of the Arts residence hall and parking lots.

Amazon also has options to buy another large chunk of land just to the north and west of the block purchased today.

The online giant has been gobbling up land near downtown Seattle for the past few years to accommodate its explosive growth. The company plans to build three 38-story office towers and an eye-catching three-sphere biodome on the new 3-block campus, which will compliment Amazon’s current headquarters campus in South Lake Union, that it acquired for more than $1.1 billion

Amazon also expanded again last year with a new 10-year lease for about 140,000 square feet at the Metropolitan Park North building. It has also begun work on the 380,000-square-foot project of two connected buildings and open space along Westlake and 9th Avenues, between Mercer and Republican Streets.

Here’s another angle of the block Amazon bought today, and below is the land use document from today’s purchase:

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  • Yeah

    The more time passes here in Seattle, the more I’m absolutely convinced that the city needs to start buying up this kind of real estate, place it in trust, and lease back the rights to those who’d use it. It’s the only way we’re going to keep land values affordable for everyone, and not just the ultra rich and the corporate behemoths.

  • Guest

    Damn it! On behalf of all of Seattle, I want us to preserve cultural landmarks such as the Hurricane Cafe, a Budget Car Rental office, a Cornish College of the Arts residence hall and parking lots.