Seattle Condo Construction Update

A number of projects are either on hold or delayed -- while most are coming later, some of them will be bigger than originally planned when they do arrive. If you have been keeping your eyes on new construction, here are some updates:

AVA: Hotel/condo on 8th and Pine was originally scheduled to break ground in late 2007 but have delayed construction. They have received their Master Use permit and are in the final design process.  They are waiting for the final building permits from the City of Seattle which they expect to be around the end of this month. AVA will probably break ground in spring 2009 with estimated completion around 2011/2012. The sales center is opened by appointment only at 720 Olive Way. Read more on AVA.

1 Hotel Residences- Starwood has acquired 100% on the development site and is working on revising its design.  The sales center will be closed until early next year when they announce their new vision. Due to changes within the commercial guideline, City Suites may not be offered.

______________________________________

Heron and Pagoda: Plans for this twin tower, 43 story building will be delayed. Ground breaking was initially set for next year but the developer is now seeking partners for the project and also waiting for the market to turn around. Read more on Heron and Pagoda.

________________________________________________

1915 2nd: Intracorp, the developer for 1951 2nd Ave is filing for a new application to go higher. The initial permit allows for a 240 foot building but they feel that it makes more sense to go taller. The new application calls for up to 400 feet. If approved, the new plan will house 432 condominium units. Read more on 1951 2nd Ave.

Comments

[Grant Calder]

Any news about the Martin condo project?

[Wendy]

Martin is put on hold. So far, I have not heard of any news yet.

[Paul]

Any news on the project on Pine (former site of the Cha-Cha) that is currently a parking lot?

[Wendy]

The last that I heard was the developer has not started the project because they couldn't get financing.

[Wendy]

I just read that they managed to get financing and the building is going to be an apartment.

[Paul]

Thanks, Wendy! A lot of fuss was kicked off on Capitol Hill (mainly in The Stranger) that it was taking away Cap Hill landmarks (Cha Cha, Kincoras, Bus Stop, Bimbo's) to become "high-end yuppie condos". Ironic that it is currently a parking lot, and will become rental.