Keller Williams Greater Seattle

Another one falls by the wayside

Saw this excerpt about the Candela Hotel & Residences project in the Seattle Time’s article on a new downtown apartment tower:

Urban Visions’ 35-story tower at Second Avenue and Pike Street, has been redesigned as an apartment project, in part to increase the likelihood of obtaining financing. Urban Visions’ original plan was for a luxury hotel and condos

Apparently, I’m a little behind the times…UrbanVisions switched the use from condo/hotel to apartments back in December 2009 as announced on their blog.

That’s four, once prominent, condo/hotel developments left as a footnote in history (AVA, 1 Hotel, Heron/Pagoda, Candela).

Though not a condo/hotel, me thinks the Insignia Tower project is pretty much a goner as well. A few weeks ago all of the Insignia signage had been painted over and now part of the lot has been opened up as a parking lot. They’ve not responded to any of my inquiries either.

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About the Author

About the Author: Ben Kakimoto is a condo marketing specialist and publisher of The Seattle Condo Blog. Ben's focus is urban residential properties in Seattle's metropolitan core. Contact Ben to learn more about the Seattle condo and loft real estate market. Find Ben on Google+, Twitter and Facebook. .

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