JUPITER, Fla., March 21, 2016 — Otis Elevator has entered into a multimillion-dollar agreement with Schnitzer West, LLC to supply elevators and escalators for Madison Centre, a prestigious 37-story high-rise development in Seattle. Otis is a unit of United Technologies Corp. (NYSE: UTX).
This high-tech, LEED Gold certified tower is located at one of Seattle’s best known intersections and will incorporate the latest innovations in workplace effectiveness and smart design for an optimum business environment. Otis will provide 22 units for the 754,000 square foot office tower. This includes 13 gearless elevators, seven Gen2® elevators, and two NCE escalators. The elevators will include Otis’ CompassPlus™ advanced destination management system, which organizes travel to provide a personalized passenger experience and improved traffic flow while saving energy. Otis EMS Panorama®, an interactive elevator management system that allows building managers to easily monitor, control and manage their elevator portfolio, will also be included.
The building, a vertical corporate campus, will also include a three-story Grand Rotunda with a living wall, alternative workspaces, a large conference center and a best-in-class fitness center, with views of the city and Puget Sound. Schnitzer West also selected Otis for its second- and third-largest projects that are under development in the Seattle metropolitan area: Urban Union and Centre 425.
“We are honored to provide our high-speed, destination elevator systems to this state-of-the-art project,” said Jim Cramer, regional vice president, Western region, Otis Americas. “Madison Centre will redefine how people work and collaborate to maximize productivity. It is exciting to be part of this forward-thinking project and continue our work with Schnitzer West.”
“Madison Centre is the result of an extraordinary team effort, “said Steve Cook, director, investment and development for Schnitzer West. “We knew that creating a next-generation workplace would require thinking outside of traditional office architecture. We assembled a team of engineering experts, best-in-class contractors, dynamic architects and interior designers, known for intelligent design concepts. We’re confident that Madison Centre will be a dynamic, social environment that offers tenants high-end business amenities so they can work collaboratively and efficiently.”
Schnitzer West is the developer behind Madison Centre and is working with BAMO, Sellen Construction Company, NBBJ, HKS Hill Glazier Studio and DCI Engineers to complete the project. Otis will begin on-site work this spring and the project is scheduled to be complete by spring 2017.
Otis is the world’s largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains more than 1.9 million elevators and escalators worldwide. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.otis.com or follow @OtisElevatorCo on Twitter.
About Schnitzer West, LLC
Schnitzer West, LLC is one of the West Coast’s fastest growing real estate investment, development and property management companies. Founded in 1997 by managing investment partner Dan Ivanoff of Seattle and Schnitzer Investment Corp (now MMGL Corp.), the company has built a successful track record in the commercial and multi-family housing markets through product innovation, disciplined management and investment expertise. Known for its commitment to “Outperform the Expected,” Schnitzer West has earned recognition for creating innovative workplaces and living spaces, for delivering superior-to-market returns and for its value-creation approach to property management. To date, it has developed in excess of 6.5 million square feet of Class-A office and suburban office, flex, industrial and bio-tech space and luxury multi-family residential and is currently developing approximately 1.5 million square feet of office in Seattle and Denver. Additionally, it has acquired and repositioned approximately 1.7 million square feet of commercial product. Currently, its Asset Operations group actively manages 4.8 million square feet of office, retail, industrial and bio-tech property for a variety of clients. Building on its success in the Northwest, Schnitzer West owns additional properties in Denver and is exploring new market opportunities across the Western United States. Learn more at www.schnitzerwest.com.