[3][4] Opposite it on the corner of Sixth Avenue and Olive Way was the site of the Seattle terminal for the Pacific Northwest Traction Company's Seattle-Everett interurban rail system; it was owned by Seattle Electric Company's successor, Puget Sound Power and Light, until it was sold in 1926 to a local investor.

[4] An upscale shopping mall on the block was proposed in 1993 as part of a series of downtown improvements along Pine Street led by the renovation of the Frederick & Nelson building into Nordstrom's flagship store.

[14] On July 14, 2014, Pacific Place was sold for $271 million to Madison Marquette, a Washington, D.C.–based commercial real estate company.

[13] In September 2016, Madison Marquette completed the purchase of the Pacific Place parking garage from the City of Seattle for $87 million.

[16] After over two years of redevelopment, Pacific Placed reopened in June 2020 with 12 open tenants due to the effects of the COVID-19 pandemic on Downtown Seattle.

Its major tenants include an AMC Theatres multiplex on its top floor, a food court, Din Tai Fung, and Haidilao.