Downtown Seattle’s landmark Macy’s building got new owners this week in what some leaders are calling a small sign of recovery for the city’s retail core.
Seattle-based commercial real estate firm Urban Renaissance Group and global investment firm KKR announced Thursday that they had acquired the 300 Pine St. building, which used to house Macy’s department store, for approximately $580 million.
The groups plan to renovate the 85,000-square-foot ground floor, mezzanine and second floor to accommodate new retail stores. The owners will also create a new entrance on Fourth Avenue to access the 682,000 square feet of commercial office space above. Amazon has been the tenant of the building since
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