Alaska Air Group Purchases 7.5-Acre Property for $32 Million in SeaTac

January 3, 2018 | 0 Comments | Uncategorized

A limited liability company whose address is the same as Alaska Airlines’ on Tuesday paid nearly $32 million for a large property across the street from the company’s SeaTac headquarters, public records show.

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.Y. Tang. The site is where the Jet Motel operated until recently.

The Puget Sound Business Journal orted on Project Copper River last month. At the time Alaska declined to comment, and a company representative was not immediately available Tuesday.

The property acquisition comes as Alaska is preparing to combine its operations with another airline, Virgin America, which Alaska bought for $2.6 billion in 2016.

Project Copper River is set to include four office buildings, each six stories tall, totaling 490,000 square feet, according to plans filed at City Hall. Alaska Airlines’ name is not on the plans, but they show a new International Boulevard crosswalk that would connect the company’s current headquarters to the new property.

The plans were submitted by Seattle-based Seneca Group, which manages large real estate developments for different companies, including Amazon.com Inc.

Project Copper River is a four-phase project. Phase I is to “commence immediately,” state the plans, which show the first phase will have one office building and an eight-story parking garage. The timing of the subsequent phases could occur within the next two to 10 years, the Seneca Group wrote in the preliminary development application.

Last month a motel clerk, who declined to give her full name, said the Jet Motel would close at the end of 2017 for demolition. On Tuesday, the motel’s telephone had been disconnected.

Plans show that Seattle-based architecture firm NBBJ is designing the Copper River project with landscape architect the Berger Partnership.

By Marc Stiles  – 

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