There is a new potential condo building proposed in Belltown that will share the tower with a hotel. It is being proposed as 17 stories with 68 condos above an 88 room hotel, without parking. The project will be located at 2121 5th Ave just a few lots north of the Martin apartment building.
I welcome more condo inventory to our in-city condo market, but I'm concerned that current lending guidelines have some tough limitations on mortgage loans within a condo building that has a large percentage of the total size as commercial space (aka a hotel, retail grocery store, etc). Lessons to be learned from 2200 Condos, Enso Condominiums, and Madison Tower Condos, to name a few. Oh and did I mention, no parking! Curious to see how this one comes to market.
By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.
Caron Architecture Rendering