The Official End of 5th Ave’s Heron and Pagoda Towers!
Categories: Condominiums, Midtown, Real Estate News
Nov 5th
Seattle Times, 11/05/09- click here to read more!:
A developer who had proposed a $900-million, twin-tower development across Fifth Avenue from the Westin Hotel in downtown Seattle has lost part of the property to foreclosure.
New York lender G4 Capital Partners took title to about half the site of the proposed Heron and Pagoda towers this week, according to county records. G4 had loaned an affiliate of New York developer Multi Capital Group $13.7 million to buy the property, but the affiliate defaulted.
The property is on Fifth Avenue between Stewart and Virginia streets.
The Heron and Pagoda towers project, which was postponed indefinitely last year, would have included two 550-foot towers with 1.2 million square feet of condos, retail, hotel and office space.
This entry was posted on Thursday, November 5th, 2009 at 12:45 pm and is filed under Condominiums, Midtown, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.