Major General James G. Blunt

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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

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

  1. ^ a b "Key Bank Tower, Everett". Emporis. Archived from the original on 2017-02-04.
  2. ^ "Wall Street Building, Everett". Emporis. Archived from the original on 2017-02-04.
  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.

External links

Media related to KeyBank Tower (Everett, Washington) at Wikimedia Commons

source: https://en.wikipedia.org/wiki/Key_Bank_Tower_(Everett,_Washington)