Seattle Municipal Tower is a 62-story, 220.07m skyscraper at 700 5th Avenue at the corner of 5th Avenue and Columbia Street in downtown Seattle, Washington. It is the fourth tallest building in Seattle. At its completion in 1990, the building was named AT&T Gateway Tower and later changed to KeyBank Tower reflecting the names of former anchor tenants AT&T and KeyBank.The City of Seattle purchased Key Tower in early 1996 to house utilities and general government functions. The purchase price was $124 million, or $124 a square foot. The City purchased the property during a downturn in the economy, citing recommendations from two panels: the citizens' group, Capital Finance Review Board, concluded that purchasing the building would cost a minimum of $47 million less than constructing new facilities new construction and a minimum of $121 million less than renovating existing city facilities; and the Citizens Advisory Panel concluded that the building "(met) the great majority of the city's space needs."On May 17, 2004, the tower's name was officially changed to the current moniker.The building is attached to the Seattle Civic Center complex and is owned by the city, and houses several government offices including the Seattle Department of Construction and Inspections, Seattle City Light, Seattle Public Utilities, the Department of IT, Human Services Department, and the Office of Economic Development.The Seattle City Council and offices of the Mayor of Seattle are located in the nearby Seattle City Hall.
