Tag: 1 Hotel & Residences
DPD Says No to Short Term Rentals
The Department of Planning and Development recently ruled that short term rentals are considered commercial activity, and therefore, prohibited from multifamily zoned structures, i.e., condos. According to the Daily Journal of Commerce, a group of unit owners at the Elektra Condominium requested interpretation of the code after the city began enforcing the code against owners…
More troubled waters ahead?
Just some observations… Spoke with King5’s Bernard Choy today about some major price decreases, namely Madison Lofts and Cosmo. Check out unit #210 at Madison Lofts, SW corner unit – was $549,000 now $429,950. In his report, Bernard stated ML is taking some pretty steep decreases, up to $200,000. Pre-sale investors are jumping ship. I’m…
1 Hotel, Where R U?
1 Hotel announced they are delaying start of the project again, this time for another 6 months due to a second redesign of the project, according to the DJC. The redesign will add traditional hotel rooms and reduce the number of the City Suites. The plan now calls for 51 traditional condos, 44 City Suites…
Downtown Condo Updates
Gallery Belltown Buyers speak with their pocketbooks. And, apparently buyers spoke loudly at Belltown’s Gallery Condominium project. When the Gallery project first came online it was touting its SkyLofts concept, true two-level loft homes with 18′ ceiling heights located on the upper floors that offered spectacular city and sound views. But, it seems buyers just…
1 Hotel Soiree
Last week the 1 Hotel & Residences project held a private soiree for the launching of the “1” brand. While I wasn’t there, urbnlivn.com’s Matt was. Here’s his impression of the 1 Hotel project.
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…
Project Updates
Today must be project update / press release day. Here’s a round-up: First Church – Capitol Hill Postponing development to allow for a major motion picture to be filmed in the building. If you want a chance to be in the movie, there will be an open casting call on February 13th at the church…
1 Hotel & Residences update
2nd + Pine recently announced a name change to 1 Hotel & Residences (website). The 5000 sq ft sales center is expected to open this Spring that will feature a fully furnished model, several vignettes, a design studio and interior design visions. It will be located on the 8th Floor of the Olympic Tower Building…
