Key Bank Tower (Everett, Washington)

Key Bank Tower
Key Bank Tower from California Avenue in downtown Everett
Map
Former namesEverett Mutual Tower
Record height
Tallest in Everett, Washington and Snohomish County, Washington since 1994[I]
Preceded byWall Street Building
General information
TypeCommercial offices
Location2707 Colby Avenue
Everett, Washington
United States
Coordinates47°58′53″N 122°12′29″W / 47.9815136°N 122.2081158°W / 47.9815136; -122.2081158
Construction startedJune 2, 1993
Topped-outJuly 8, 1994
Completed1994
Opened1994
OwnerSkotdal Real Estate
Height
Architectural203 feet (62 m)
Roof160 feet (49 m)
Technical details
Floor count11
(2 below ground)
Floor area145,000 square feet (13,500 m2)
Lifts/elevators4
Design and construction
Architect(s)NBBJ
DeveloperColby Square Partners
Main contractorSDL Corporation
References
[1][2][3]

Key Bank Tower (also known as the Everett Mutual Tower) is a 203-foot (62 m) tall high-rise office building in downtown Everett, Washington. It has been the tallest building in Everett (measured to the architectural tip) since its completion in 1994.[1] The building originally served as the headquarters of the Everett Mutual Bank until it was acquired by KeyBank in 1998.[4] The tower is currently occupied by Farmers Insurance, First American Insurance, KeyBank, Merrill Lynch, and Skotdal Real Estate offices as well as multiple retail outlets.[3]

Key Bank Tower is located at 2707 Colby Avenue, adjacent to the Everett Performing Arts Center. The top floor is home to the studios of radio stations KRKO and KKXA.[5]

Planning and construction

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The site was originally occupied by a Pay 'n Save store.[6] Sears occupied the site from 1929 until 1969, when it moved into the Everett Mall.[7][8] Pay 'n Save, which had shared the building with Sears, took over the vacant space and remodeled the building shortly after the latter's departure.[9]

Key Bank Tower was originally part of the "Colby Square" development, a project intended to revitalize downtown Everett, which had declined since the construction of the Wall Street Building in 1979 as the city's growth suburbanized to the south.[10][11] Announced on May 1, 1991, the project was developed by Colby Square Partners, a partnership between JDH Limited of Bellevue and Duryee Group of Everett, and designed by Seattle-based architecture firm NBBJ with funding from the AFL–CIO trust;[11][12] it was later scrapped except for the building itself.[13]

With SDL Corporation of Bellevue as the general contractor, construction started on June 2, 1993, with the demolition of the Pay 'n Save store in a groundbreaking ceremony.[6][14] The building was topped off on July 8, 1994, with tenants moving in that November.[12] The building underwent foreclosure in 1995 by the AFL–CIO trust after SDL sought payment for cost overruns due to the accelerated development schedule; it was subsequently purchased by Skotdal Real Estate in 1997.[14][15]

References

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  1. ^ a b "Key Bank Tower, Everett". Emporis. Archived from the original on 2017-02-04.{{cite web}}: CS1 maint: unfit URL (link)
  2. ^ "Wall Street Building, Everett". Emporis. Archived from the original on 2017-02-04.{{cite web}}: CS1 maint: unfit URL (link)
  3. ^ a b "Key Bank Tower" (PDF). Skotdal Real Estate. Archived from the original (PDF) on April 1, 2019. Retrieved February 2, 2017.
  4. ^ Wolcott, John. "In 1998, banks flush with money to lend". The Everett Herald. Retrieved March 23, 2017.
  5. ^ Brown, Andrea (April 10, 2018). "An Everett 'potcast' explains what all the buzz is about". The Everett Herald. Retrieved March 30, 2020.
  6. ^ a b Brooks, Diane (June 3, 1993). "Ground broken at Colby Square site". The Seattle Times. p. B1. Retrieved December 23, 2021 – via NewsBank.
  7. ^ "Sears, Roebuck and Co" (Advertisement). The Seattle Times. June 21, 1929. p. 11. Retrieved December 23, 2021 – via NewsBank.
  8. ^ "Sears' Everett Gears for Wednesday Opening". The Seattle Times. February 9, 1969. p. C3. Retrieved July 22, 2021 – via NewsBank.
  9. ^ O'Donnell, Jack (1992). "Street Scenes: Colby Avenue". Everett, Washington: A Picture Post Card History. K&H Printers. p. 12. ISBN 0-9635348-0-7. Sears and Roebuck once occupied this site on Colby at Everett Avenue. Its neighbor, Pay 'n' Save Drugs later took over the location, remodeling it in the 1960s.
  10. ^ Shaw, Linda (April 28, 1991). "Colby Square: A turning point? – Everett's hopes hang on project". The Seattle Times. p. B1. Retrieved December 23, 2021 – via NewsBank.
  11. ^ a b Milburn, Karen; Shaw, Linda (May 1, 1991). "High hopes, big plans for downtown Everett". The Seattle Times. p. A1. Retrieved December 23, 2021 – via NewsBank.
  12. ^ a b "'Topping off' party set for new tower". The Seattle Times. July 6, 1994. p. B2. Retrieved December 23, 2021 – via NewsBank.
  13. ^ O'Donnell, Lawrence E. (1993). Everett Past and Present: A Centennial History of Everett. K&H Printers. p. 98. ISBN 978-0-89716-275-3. OCLC 436832753.
  14. ^ a b Brooks, Diane (October 4, 1995). "Everett office tower faces foreclosure – Lender to auction year-old building". The Seattle Times. p. B1. Retrieved December 23, 2021 – via NewsBank.
  15. ^ Brooks, Diane (August 26, 1997). "Developer purchases building he 'lost'". The Seattle Times. Retrieved February 2, 2017.
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