Seattle PI on Cosmo struggle
The article mentions two folks who have actually left the building because of this. One sold, the other is renting their place out. The article also has a sound bite from chairman of the Urban Development and Planning Committee:
Developers strongly opposed tower spacing and the final rules were a compromise, said City Councilman Peter Steinbrueck, chairman of the council’s Urban Development and Planning Committee. He called the Cosmopolitan situation “shocking.”
Of particular value in the article is this info graphic:
Yes, it’s buyer beware but downtown condo consumers need more rights here.
- 18 foot tower separation may be acceptable for two office towers but it is not for residential towers
- Developers should bear responsibility for notifying their pre-construction buyers of zoning changes
- Consumers should have protection in the purchase and sale against zoning changes
Time to form our own lobby group.
And of course the Seattle PI trolls think that we get what we deserve when we buy downtown.