[slock]

Interesting.

I actually went back in the Biz Times and Chronicle to check the stories about the tower. It seems that they just couldn't get financing for a hotel at the time.

I wonder why they didn't either pursue a half condo, or all condo development to help subsidize, or why they didn't divvy it into two phases with the tower at a later date. Their thought seemed to be that hotels were too risky. Now you've got St. Regis, InterContinental, Sofitel a few blocks down. I think if there was a phase two, the timing would have been perfect.