Jul
9th
Categories: Real Estate News, New Construction, Downtown, Midtown, Commercial Space
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Multi Capital Group is delaying construction on their two-tower development right across from the Westin known as Pagoda and Heron towers.
The plan was to build 400 condos, a 200-room hotel and 312,000 square feet of commercial space (office and retail) but due the current market/economic conditions and the lack of financing for the project, they have decided to postpone.
For how long? Alex Carlin, the senior project manager says “We’re still trying to decide when is the best time to move forward,” with the prediction that in 2011/2012 there will be a shortage of condos in the downtown area. Click here to read more! |
Jun
24th
Categories: Real Estate News, One Hotel & Residences, Downtown, Green, Commercial Space
What was to be the site of 1 Hotel & Residences will remain a desolate gaping hole on 2nd Ave and Pine until Starwood Capitol Group can secure a construction loan and proceed with a newly designed 23-story hotel-condo building.
Not only has the construction been delayed for nearly a year now, but most recently Avalon Holdings, a Portland-based firm headed by Paul Brenneke, has sold their interest ($45 million) in the $250 million project. Avalon will continue to develop the 18,800 square feet of retail space at street level of the Macy’s parking garage and it was announced that Columbia Sportswear Company is planning to operate two retail stores in the space as early as this fall.
Click here to read more!
May
6th
Categories: Real Estate News, Belltown, Commercial Space
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Temporarily, The Clise family has pulled a major development off the market due to the credit crunch and a recent reevaluation of the economy. The square footage for the property would have totaled that of 5 Empire State Buildings costing the family nearly $7 billion dollars! The story received a lot of media attention last week but I thought this rendering was worth passing on. Thanks Pablo! |
Dec
28th
Categories: Real Estate News, Belltown, Seattle Neighborhoods, Commercial Space
I receive tons of email flyers daily for properties all over Puget Sound but this one caught my eye…
If you are looking for an office/retail space in Belltown, you may want to check this out!
Located right on the corner of 5th and Vine in the Montreux, this 565 SF space offers two separate offices, a lobby area and powder room. Although the square footage is a little small, the price is right and could be a perfect match for a startup!
- MLS #27212503
- 425 Vine Street #C
- $5000 Buyer Bonus at Closing
- Click here for more information!
