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Originally Posted by retro_orange
There has been recent activity at the long stalled Indigo Plaza 500 hotel, does anyone know what the final plan is for the place? The old windows are being removed on the tower but the podium still looks the same (I think). I'm aware of the quarrel between the city and the owner of the property, possibly it was resolved or sold off? I have heard it may be converted to apartments in the past few years but have also heard the construction quality is poor and would collapse in an earthquake. It's been a serious eyesore for years. (IMO the podium of the place has always been terrible looking) I would be interested to see some pics of this place when it was first built, possibly was decent looking when new and all funky in the 70's.
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Original redevelopment in 2011 ran into financial issues, as you stated contractors not getting paid. I also heard that was due to way more asbestos to be removed than was assumed to exist there.
Latest plan I hard was that it was now to be a rental building. However, despite refinancing there are still financial issues as they open up more walls and realize the scope of work has increased. I think it's going to be a long time before we see this one finish.