Sometime this spring, construction of a Seattle development known as 2201 Westlake should be completed. There will be 14,000 square feet of ground floor retail space, 134 condominium units, and 302,200 square feet of office space. Only the office space may remain empty, because Microsoft has backed away from it.
2201 Westlake
This is one of the first concrete signs we've seen that Microsoft, which currently has a market cap of $184.7 billion, is adapting to the recession. It can be interpreted as positive (the company's financially responsible) or negative (it's not impervious after all) depending on one's point of view.
The development's pretty much all good in light of recent rumors about Microsoft making
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