Boeing to Raze Company Headquarters Building; Will Relocate to Adjacent Building

SEATTLE, Aug. 4, 1995 - The Boeing Company announced today that it will raze its 54-year-old headquarters building in Seattle rather than perform upgrades needed to bring the structure up to current seismic standards.

Executive offices currently in the headquarters building on East Marginal Way South will be relocated to an adjacent building. A landscaped parking area will be built on the site of the former headquarters structure.

Work on the project is scheduled to begin later this month, with razing of the headquarters building set for early in 1996. Project completion is scheduled for May 1996. Baugh Industrial of Seattle has been chosen as the general contractor.

The project to relocate Company Offices is part of a seismic renovation program under way at Boeing since 1983. Of 110 Boeing buildings in Washington and Oregon that were determined to need seismic renovation, work on 95 buildings has been completed; the remaining 15 structures have working plans in place. These buildings range from manufacturing and storage to office and laboratory facilities in Seattle, Tukwila, Auburn and Portland.