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1 Hotel & Residences


Status: Postponed/Redesign
Neighborhood: Downtown

CONDOS FOR SALE

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DESCRIPTION

Located on the corner of 2nd and Pine, 1 Hotel and Residences is a retail, residential, and hotel development in the retail core of downtown.  Pike Place Market also gives this place a distinctive and lively character.  In addition to 5-start hotel accommodations, the property features: 7 penthouse townhouses with soaring 20 foot ceilings and private roof terraces; Premier Flats with large format, open plan flats, many with terraces; The Residences with a diverse collection of floor plans; and The City Suites, innovative, all suite residences designed as in-city retreats.  Within its walls, residences and guests will find retail opportunities, a signature restaurant and bar, a day spa and health club.

ADDITIONAL OPINIONS & REVIEWS

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*Data is deemed to be reliable, but not guaranteed. In some cases, number of units may include commercial and residential spaces and/or height may or may not include a 13th floor.

Developer of 1 Hotel Sells

June 24, 2008 by  
Filed under 1 Hotel

1 Hotel in a HoleThe Seattle Times has reported that the developer of 1 Hotel, Paul Breneke, sold his interest to Starwood Capital Group.  Starwood now has 100% interest in the undeveloped hole on the corner of 2nd and Pine.  Although the blame for not developing the condo/hotel project is said to be at the mercy of the national credit crunch, the concept didn’t really seem too appealing.  But, the Times states that they received a written statement from Starwood saying they’re, “working on plans to ensure we have created a healthy and exciting total environment that will live up to the expectations we have for our brand.”

Everyone still seems to be unclear on what will be done with the hole in one of downtown’s most prime locations.