The 10,665-square-foot (990.8 m2) triangular site at Denny Way and Wall Street was part of the area re-zoned by the city in 2006 for slim residential buildings with heights of up to 400 feet (120 m).

[9] In September 2013, Laconia filed updated design plans from Kwan Henmi Architecture with the city, proposing a 39-story tower with 310 units and automated parking for 284 vehicles and 155 bicycles.

[10][11] The updated design removed the "halo" from the rooftop and added several floors of above-ground parking to compensate for the shallow State Route 99 tunnel, which runs under the site.

[12] Further design revisions under VIA Architecture replaced the parking system with a valet-operated car elevator and converted the project into apartments, averaging 820 square feet (76 m2) per unit.

[13] In May 2016, Seattle mayor Ed Murray announced that the $200 million project would be partially financed by Vanke, the largest residential developer in China.

[22] Spire is located on a triangular, 10,665-square-foot (990.8 m2) lot bounded to the north by Denny Way, to the southwest by 6th Avenue, and the southeast by Wall Street.

The top two floors are home to the "Spire Club", an amenity space with indoor entertainment areas and an outdoor terrace.