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1 Hotel & Residences Hole to be Filled

October 9, 2009 by  
Filed under 1 Hotel, Featured

1-hotelThat’s right, the Puget Sound Business Journal reported that Starwood, the company which had planned to build 1 Hotel and Residences, has announced that the large hole that has been not occupying anything next to the Macy’s garage on 2nd and Pike will finally be filled.

In a press release, Starwood Capital said, “As we wait for capital markets to stabilize sufficiently enough for us to realize our vision of building a world-class hotel and residences at the gateway to Seattle’s retail district, we are working in partnership with the city to ensure the property remains clean and presentable over the short-term at this important location”.

They’re still holding strong to the idea of developing on the corner, which very likely is one of the most valuable vacant lots in downtown, if not the most valuable.

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