Comments on: 1 Hotel & Residences

By: Ben Kakimoto

Ben Kakimoto — Sat, 27 Sep 2008 22:24:55 +0000

I haven’t heard anything further since Avalon Holdings bailed out. Nothing is likely to occur for awhile given the lack of construction funding, the current market and the fact their condo/hotel hybrid units aren’t doable under current city ordinances.

By: Barry

Barry — Sat, 27 Sep 2008 22:13:40 +0000

What is Starwood going to do with this property? Any updates?

By: Denver Larry

Denver Larry — Wed, 03 Sep 2008 16:16:39 +0000

Sorry to hear that. I am afraid that is just a sign of the times.

In Denver, The 1401 Lawrence Project was similar (sans the hotel) and had similar reservation number but ultimately Great West pulled the plug this summer. Right now, Ritz-Carlton has a new Condo-Tel going but sales are slow. It is a conversion of a former Embassy Suites. Fortunately, there are fewer units.

By: Ben_Kakimoto

Ben_Kakimoto — Fri, 01 Aug 2008 00:11:38 +0000

Thanks for the info….I drove by on the way home and most of the signage were gone.

By: Barry

Barry — Thu, 31 Jul 2008 21:07:07 +0000

All signage is coming down from this project. Hope Starwood develops this site. Would be nice if they also included the Macy’s parking garage. Downtown is so under retailed that another vertical mall like Pacific Place could be included in any hotel project. But this is probably unlikely.

By: klt

klt — Sat, 01 Mar 2008 18:49:07 +0000

Clearly the project is fubar as was their marketing piece. .If late-summer is a no-go, hole will be open during rain season adding 100k’s in geotech. Where are all those that proclaimed this was moving ahead? What’s the story?

*hears birds chirping*

Hopefully Room and Board will still open under garage.

http://seattlecondosandlofts.com/2006/06/second-pine#comment-39609

By: Ben_Kakimoto

Ben_Kakimoto — Fri, 29 Feb 2008 18:10:08 +0000

Wow…for the first redesign they said they had 100 reservations on the 110 CitySuites and thus they were increasing the number of those to 176. Now, they’re dropping it down to 44?!?

By: klt

klt — Fri, 29 Feb 2008 17:38:28 +0000

Project is dead…and seemingly truly effd up. Check DJC for kid friendly version of whats going on…or rather not going on. Funny first delay was to add MORE hotel condo units was it not?

By: The MD

The MD — Wed, 20 Feb 2008 02:28:27 +0000

Ben_Kakimoto,

Thanks for the input. We’ve been considering all three of those communities to buy a home, and I have a feeling that interiors of ‘1′ will actually be nicer and more “put together” than Four Seasons or 1521 when it is completed. Our concern was with the potential view loss at ‘1,’ which you addressed, and I completely agree with you. Decisions, decisions. I feel Four Seasons has amazing views, but you pay for it. 1521 is a nice “all around” project, meaning it has some nice views and some nice interior finishes, but no “true” outdoor spaces, and “1″ will have by far the best interiors, but some spotty views depending where one is in the building.

Albert,

As for prices in Seattle, yes, it is costly. Ridiculous? I don’t feel it is ridiculous for what one gets. $1200-$1300 average in New York buys one an AVERAGE condo. Where that buys a person a VERY nice condo here in Seattle. Besides, who really wants to LIVE in NYC. Its a nice place to visit, and an awful place to stay long-term. I lived there for quite a while.

Seattle is a much nicer city with more recreational activities, better natural scenery, a better climate, a better pace, and just more accessible overall, in my opinion. Actually, come to think of it, Seattle is a steal!

By: Albert

Albert — Tue, 19 Feb 2008 19:49:54 +0000

Is it just me or is Downtown Seattle’s price per sq foot is ridiculous!? I think it’s crazy how some of these projects are much more expensive than Manhattan prices of $1200-1300 avg.