SECO development this past week broke ground on a new $350 million office campus on the south end of Lake Washington as part of the company’s 17.1-acre Southport Development project.

Scheduled to open in 2018, the new office campus will feature three distinct nine-story towers with nearly 730,000 square feet of Class A waterfront office space and 360-degree views.

SECO Development is creating the new Southport Office Campus to serve as a next generation hub for high tech firms and other companies seeking creative work environments. The corporate campus will feature a fiber Gigabit Passive Optical Network, with access up to 100 GB data speeds, as well as robust network infrastructure and a redundant power grid.

Southport Office Campus will be one of the largest office projects under construction in the Puget Sound region. It will also be South King County’s largest office building and Renton’s only Class “A” office space.

Renton and Tukwila account for approximately one-third of the King County Southend submarket’s 16.3 million square feet of office space.

Last fall, SECO and Hyatt Hotels Corporation unveiled the 347-room Hyatt Regency Lake Washington at Seattle’s Southport. Opening next year, it will be the first four-star hotel within a 10-mile radius of Seattle-Tacoma International Airport.

“Southport has been designed to offer a genuine ‘live, work, play and stay” lifestyle on the Lake Washington waterfront,” Michael Christ, SECO’s CEO and President, said in a press release. “The Southport Office Campus, along with the Hyatt Regency Lake Washington and Bristol Residences, will serve as a catalyst for change in the city of Renton.”

SECO estimates that a fully occupied Southport on Lake Washington campus will be valued at nearly $1 billion.

-from a press release