[mSeattle]

Various hotel actions

Originally Posted by Ruffhauser

From todays DJC.

http://www.djc.com/news/re/12107634.html

January 18, 2018

Former bank building sells for $12.4M, with new hotel likely

By BRIAN MILLER
Journal Staff Reporter

A mostly vacant former bank building at 1405 Fifth Ave. sold last week for $12.4 million, according to King County records. The new buyer is 1405 Fifth & Union Associates LLC, which is associated with Masterworks Development Corp., a New York-based hotel developer.

Public records also indicate that a second Masterworks LLC has signed a 100-year ground lease for the neighboring property to the north, at 1409 Fifth, where Turgeon Raine jewelers is located.

Masterworks both develops and owns hotels. Among its brands is Club Quarters, a boutique chain oriented toward business travelers. It has locations in London, New York, Chicago, San Francisco and other markets — but not Seattle.







The possible hotel would share the block with the Motif Seattle hotel, a former office building, which rises above the bank and jewelry buildings.

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State Hotel

Originally Posted by Ginkgo

Website says 'coming summer 2018'.
They're going to have to speed it up. Appears to be totally gutted.

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Originally Posted by Ruffhauser

From todays DJC.

http://www.djc.com/news/re/12107937.html

January 29, 2018

Proposed First & Pike hotel loses twist, adds setback

By BRIAN MILLER
Journal Staff Reporter

The owners of the Green Tortoise Hostel building, at 103 Pike St., will show their revised plans next week for a 14-story hotel overlooking Pike Place Market. It would replace the 1897 hostel, also called the Hahn Building, which is not a landmark.

Last October, Ankrom Moisan Architects presented a twisted-mass proposal that would pivot the upper glass facade slightly to the south over the lower masonry podium. That idea was not rejected by the design review board. However the board opposed the proposed departure from setback requirements facing First, which the pivot design entailed.

The new pivot-free design is more conventional, with more setbacks on First, beginning above the second floor level, and more masonry cladding on Pike.

As viewed from the northwest, the hotel would have an 11-foot setback facing First above its podium. The entire second floor would be a bar and restaurant.