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.
