Click to enlarge12th and Madison has recently seen the arrival of Trace Lofts and the revival of the Pony Bar, and there’s another residential development in the wings (as soon as the cash shows up). Now it may see its big, 100-year-old storage building–which is owned by Seattle U.–grow a few stories taller.Capitol Hill Seattle Blog has the details (and posted the picture). The proposal is to make the first floor retail, floors 2-5 student housing, floors 6-7 classrooms and offices, and floor 8 meeting and conference rooms. It’s all part of the rapidly-expanding university’s plan to add 2.14 million square feet of new space to its campus. Throw in the school’s switch to Division I basketball and its hiring of beloved UW assistant Cameron Dollar, and it looks like the UW may not be the only big dog in town.