Keller Williams Greater Seattle, Ben Kakimoto, Seattle Condo Agent

1 Hotel & Residences Delayed

Work on 1 Hotel & Residences (website) has been delayed till early 2008 prompted by a design change and a city moratorium on heavy concrete work during the holidays.

Boosted by considerable interest in the City Suites, individually-owned condo units available for rental through the hotel, the developer is reconfiguring the design by replacing three floors of traditional condo units with City Suites. As a result, there will only be 51 traditional condo units, a reduction of 47 units. The developer feels there is a demand for these unique homes as 100 of the 110 available City Suites have been reserved so far, ranging from $500,000 to $1.4 million. (Update: with the reconfiguration there will be 176 City Suites on floors 9 through 16).

Other changes include relocating a two-level restaurant to the SW corner at Second Ave & Pine St. The new Stephen Hansen restaurant will feature seafood and organic fare from local sustainable farms.

Tags: ,

About the Author

About the Author: Ben Kakimoto is a Seattle condo and urban real estate marketing & listing specialist. Contact Ben to learn more about the Seattle condo and loft real estate market or about buying or selling a Seattle area condo. Find Ben on Google+, Twitter and Facebook. .

Subscribe

If you enjoyed this article, subscribe now to receive more just like it.

Post a Comment

Your email address will not be published. Required fields are marked *

Top