Talk about life coming full circle. The site of the University of Washington’s old computer lab, where Microsoft co-founders Paul Allen and Bill Gates used to sneak in and code, is becoming an apartment building put up by Allen’s Vulcan Real Estate.
The seven-story building is slated to be built this spring, according to the Puget Sound Business Journal. It will sit at 4041 Roosevelt Way N.E. in the University District.
The PSBJ also reports that the site was purchased for just over $2.82 million in 2001 by Vulcan affiliate Genesis Properties LLC. The finished apartment building will bring about 215 market-rate units and 3,600 square feet of retail space to the area. It will also be easily accessible to the U District’s light rail station that is set to open in 2021.
Runberg Architecture Group designed the mixed-use housing and retail building, and Exxel Pacific will handle construction. The move is seen as significant as it’s one of the first major building projects outside South Lake Union for Vulcan. Could there be many more in the future?