Proposed hotel could bring more jobs to Seattle
A proposed high-rise building in CenturyLink Field’s north parking lot in Seattle’s Sodo neighborhood could bring the area more jobs in the future. Two local developers are planning to break ground on the project in the summer of 2013, according to The Seattle Times. New businesses in the neighborhood could increase the value of homes for sale in Seattle going forward.
Named Stadium Place, the 23-story hotel would span 16,000 square feet and hold restaurants, retail outlets, entertainment, a 376-spot parking garage and a health club, states the news source. In addition to the hotel, the second phase of the project plans to include a 170,000 square foot office tower.
These additions to the Seattle market could mean job growth in the hospitality sector. The Seattle-Tacoma-Bellevue area supported 162,900 jobs in the leisure and hospitality industry in April 2012, according to the U.S. Department of Labor. This metro has seen a 3.5 percent increase in employment in this area in the past 12 months.
A hotel of this magnitude and the surrounding services that would likely come with it may require large amounts of staffing and resources, and this could help further improve the local economy.