Skanska Adds Dropbox as Tenant at Seattle’s 2+U Tower

The San Francisco-based tech company becomes the third major tenant at the 38-story, mixed-use waterfront tower in the city’s CBD.
2+U Tower. Rendering courtesy of Skanska

Dropbox is the latest tenant to take space at Skanska’s 38-story, mixed-use 2+U Tower in Seattle’s Central Business District. The San Francisco-based tech company will lease 120,886 square feet in the Class A+ tower starting in late 2020.

The office portion of the tower is now 60 percent leased with about four months until the building is completed. Online job search company Indeed has signed on for 197,628 square feet beginning with January 2020, and coworking company Spaces is slated to take over its 91,000-square-foot space as of July 1.

Located at 1201 2nd Ave., the building will have 18,000 to 30,000-square-foot floor plates and multiple tenant conference and event spaces. Other amenities will include a private tenant rooftop deck, storage for about 360 bikes, fitness and wellness space as well as shower and sauna facilities. For those driving, there will be valet parking and EV charging stations. Mass transit commuters will have direct access to bus, light rail and ferries.

“We’ve been in the area for the last five years and have seen tremendous success hiring top talent, which has helped us build our world-class technology, products and infrastructure. 2+U will be a great home for us to grow,” Greg Conklin, engineering director & Seattle site lead at Dropbox said in a prepared statement.

In November, Skanska topped out the 686,000-square-foot waterfront tower that will be 530 feet tall. Situated at the intersection of Second Avenue and University Street, the building is adjacent to the Seattle Art Museum and Benaroya Hall. In the works for several years, Skanska signed a long-term ground lease with the Samis Foundation for the development in 2014. The building is lifted 85 feet off the ground, creating an open-air pedestrian plaza that will feature 17,000 square feet of retail and cultural space. The tower’s unusual design is expected to create a connection linking the new waterfront, Pioneer Square and surrounding downtown neighborhoods.

Skanska’s Seattle imprint

Other Skanska developments in the Seattle area include Stone34, the global headquarters for Brooks Sports, which was the first project to meet the City of Seattle’s requirements for its Deep Green Pilot Program, making it one of the greenest buildings in the region.

Skanska also delivered 400 Fairview, a fully leased 349,152-square-foot, Class A office building in the South Lake Union submarket that is the headquarters for Tommy Bahama, Impinj and Car Toy’s/Wireless Advocates. In July, Skanska and TH Real Estate sold the LEED Gold-certified building to Pembroke for $338.4 million on behalf of its investors. Skanska announced in 2013 that it was building the 14-story office and retail property for about $150 million. The ground-floor retail hall features about 18,000 square feet, with tenants including Bar Harbor and mBar.