Urban Visions unveiled the newest design for its Candela Hotel & Residences development at 2nd Ave & Pike Street in downtown. Since its first incarnation the 35-story (440′) project has slimmed down in scale to 98 condominium units and 130 hotel rooms. The residential units will front the corner of 2nd & Pike with the hotel set back. Unlike other hotel/condo projects which separate the condo from hotel, Candela will feature condo units and hotel rooms on the same floor.
May 31st, 2008 at 5:34 am
Hi Ben,
I think this development is the one at 2nd and PIKE, not Pine. The 2nd and Pine development is The “1 Hotel and Residences” that has been put on hold till financing options can be rearranged.
May 31st, 2008 at 8:37 am
Projected completion date of 2013. Source JP Mortan.
May 31st, 2008 at 9:47 am
Thanks for catching that Jim!
June 2nd, 2008 at 5:45 pm
I am always amazed at the amount of content you come up with. If I lived in Seattle and wanted a condo I would come to you.
June 2nd, 2008 at 6:26 pm
Hey Eric, good to see you back here. Hope all is well with you. – Ben
June 3rd, 2008 at 3:57 pm
Urban Vision doesn’t actually build anything. They just entitle and run, so don’t get too excited. They cost us the waterfront trolley.
http://seattlepi.nwsource.com/transportation/358834_trolley12.html
January 24th, 2009 at 4:19 pm
One of my sources in the dev business told me the other day that this project is now on hold indefinitely. Some key investors in the project have voiced their concerns and may drop out soon.