Word on the street is that the 1 Hotel + Residences hole in the ground at 2nd and Pine is going to be filled in and turned into a parking lot. I stopped by after work and there is definitely still a big hole. It’ll take some work to fill it in.
The Seattle Times is reporting that 1 Hotel has changed hands, Developer of stalled 1 Hotel sells out to partner Starwood: After an eight-year campaign to redevelop a half-block site at Second Avenue and Pine Street, Portland developer Paul Brenneke has sold his interest in the downtown Seattle property to Starwood Capital Group of Greenwich,… Read More
If they ever build the 1 Hotel and Residences in Seattle (DC’s is apparently well underway) it looks like penthouse unit #2204 is going to be spectacular. Recently reader Mark sent me a link to Hensel Design Studios which has a presentation on the interiors of #2204 (Flash | PowerPoint.) Some highlights… 10,350 interior square… Read More
As the dead hard readers noticed a missed a number of days blogging recently. It likely had something to do with work. Speaking of which, I recently added a module that shows the latest Seattle condos over on the right. Interesting? Not interesting? What improvements would you make? (I’d like to see the thumbnail but… Read More
Alrighty, no more buying the paper on Super Bowl weekend. Here’s the re-cap of ads in this past weekend’s Sunday Seattle Times: 1 Hotel Residences: Grand opening coming soon. Now selling. Occupancy 2010. It’s a lifestyle many desire but only a fortunate few will call their own. 1521: Occupancy 2008. Final purchase opportunity happening now…. Read More
What is going on with 1 Hotel and Residences these days? For one (no pun intended) I noticed they added 9 units to the MLS so we can all rubber neck: Redfin search. The cheapest unit is #1213. $559,000 for 692 square feet or $802/sq. ft. The most expensive is #2202 at close to $12… Read More
http://www.1residences.com/ I just wasted a bunch of time looking at places I can’t afford. Maybe you’ll do the same.
I should have read my Sunday New York Times before posting last night as there was an article in the business section about 1, Starwood’s Founder Makes a New Splash: The first “1” hotel and condominium is scheduled to open in 2009 in downtown Seattle, a city that as of last year had 23 certified… Read More
Last Tuesday I was invited to the launching of 1. It shouldn’t have come as a surprise but I was impressed that all the publicists knew who I was without me having to introduce myself. It also shouldn’t have come as a surprise that I’d be under dressed in jeans and an un-tucked shirt (I… Read More
The Seattle Times has an article looking at condo hotels, specifically, 1 (worst name ever), Owning a hotel room for pleasure, profit: He’ll make a down payment of $240,000, and get a 30-year loan with a 6.88 percent interest rate for the rest, with a monthly mortgage payment of $2,366, not including property tax, insurance… Read More
Seattle PI, Basement of old S.H. Kress department store to become a full-size IGA grocery: “The downtown central business district of Seattle is one of the most ‘understored’ areas in the Pacific Northwest.” This will be great for all the folks moving into the Four Seasons, 1, 1521, Fifth and Madison, etc.
Curious as to which downtown projects were advertising at the end of summer as the mortgage market implodes I picked up a Sunday Seattle Times. Here’s who is advertising and what their ads are saying: 1 Hotel – Sales debut September 2007 Carbon 56 – 50% sold. Summer Special: No Home Owner Dues for One… Read More
The PSBJ has an article on 1 Hotel and Residences breaking ground, http://www.bizjournals.com/seattle/stories/2007/06/11/daily4.html?f=et80&hbx=e_du (thanks Cynthia!): The $200 million, 23-story 1 Hotel and Residences is being developed by Avalon Holdings of Portland and Starwood Capital Group Global LLC of Greenwich, Conn. The project will include a 110-room hotel and 98 condominiums. The condos, according to the… Read More
Seattle Times, Hotel developer hopes “1” will be classiest number: A Portland developer and hotel-industry veteran from the Northeast announced intentions Wednesday to build a 23-story hotel and condominium called “1” at Second Avenue and Pine Street. Condos will start at $700,000.