(Image: Hotel Sorrento)
Capitol Hill real estate investor and developer Mike Malone already owned the business around First Hill’s Hotel Sorrento, now he owns the building and the dirt below it — $21 million of it — and the high-rise rights that come along with the Madison property’s underutilized edges.
“I’ve spent 20 some years trying to buy the property,” Malone told CHS last week about the deal first reported by the Puget Sound Business Journal, remembering back on the 50 year lease he signed to operate the historic hotel.
“I thought, ‘Shit, I won’t even be alive.” Continue reading
(Image: Anew Apartments)
Another plan for a project combining a hotel and microhousing is being lined up for Broadway. This one — eventually — will mean the end of a popular little restaurant just south of E Cherry but, likely, a good deal for the restaurant’s ownership.
Developer Brad Padden of Anew Apartments is beginning the public process for the planned two-story hotel below five stories of Small Efficiency Dwelling Units and congregate housing set to replace the building home to the Cedars restaurant location in the 500 block of Broadway.
A public meeting part of the city’s new “Early Outreach for Design Review” process is slated for November 10th to discuss the project: Continue reading
A rendering of the rooftop view from the future Vib hotel
A new hotel coming to Harvard Avenue will likely be a Best Western, or more specifically, a Vib — intended to be pronounced with a long “i” as in vibe. The “stylish, urban” boutique hotel from the big brand will be just around the corner from Capitol Hill Station and could be the first of similar projects if zoning changes come to pass.
The new building on Harvard between Howell and Denny has been in the works for more than a year, and is now about halfway through the design and permitting process, said Jon Courter, a member of the ownership group.
Along the way, the project has gotten a bit smaller. Initially it had been planned for four stories of hotel, topped by three stories of residential units. But in an effort to make the rooms feel more spacious, the developers decided to lop off the top floor of residential units and have higher ceilings on each of six remaining floors.
“Every inch, every half-inch really matters in height,” Courter said. “We want people to say it’s small, but it’s well-designed.” Continue reading
Adding some hotel space and apartments to Capitol Hill was an easy decision for Jon Coulter and his business partners Rod McClaskey and Terry Boyle.
In spite of the common perception of soaring rents and developers making money hand over fist, Coulter says they are running up against some softness in the market, at least in the higher-end range where they build.
“The pressure of the rents is downward,” Coulter said. “We’re testing the top of the food chain.”
Design review: 1818 Harvard Ave
And he’s expecting that downward pressure to keep up, with hundreds, if not thousands of new units coming online over the next few years.
“We’re not sure what 380 square feet will get us in Capitol Hill in three years when it’s done,” Coulter said. Continue reading
Don’t judge the design just yet — this is just the massing concep
A new seven-story development planned for Harvard Ave just off E Denny will include “small efficiency units” for around 42 residents interested in a place to live on Capitol Hill at a reasonable price and near one of the neighborhood’s greatest new assets — Capitol Hill Station. They’ll have some interesting, though transient neighbors. The first four floors of the planned building at 1818 Harvard Ave, if developers get signoff on the plan, will be a hotel:
The proposed project consists of a 7 story building with 42 small efficiency dwelling units above, four floors of hotel with 70 rooms. Parking for 19 vehicles will be located on one level of below grade parking with access off of Harvard Ave. The existing three story apartment building will be demolished.
The developers behind 12th Ave’s Sola 24 building are now moving forward with plans to develop the Harvard parcel they acquired in 2012 for just under $2 million, according to county records. The project is being planned for a site where a 1950s-built, three-story apartment building stands today, just around the corner from the sprawling Capitol Hill Station campus where development is on track for a 2019 opening of new affordable housing and commercial space around the transit hub. Continue reading
The first project on the docket for Wednesday night’s session of the East Design Review Board might will create a mixed-use office development and preservation project in the heart of Pike/Pine. But the second one, well… the second project will create… art.
The Art Inn, a four-story, 15-room component of a small global boutique hotel chain destined for the corner of E Jefferson and 13th Ave, will come before the review board for what should be its final step in the design process. Continue reading
(Image: The Sorrento)
Just a few blocks from the rambunctious nightlife of Broadway Pike/Pine, the Sorrento Hotel and its restaurant and bar have quietly persisted for nearly a century as one of the few remnants of Seattle’s original cocktail culture. Now the family behind the hotel is seeking to apply some of the the Ace Hotel “casual luxury” recipe to breathe new life into the First Hill gem.
The Sorrento has announced that the Seattle-based firm Magnetic/ERV is taking over management of the 76-room hotel and plans to start its revamp work early next year. Magnetic/ERV is a hospitality management company with staff that have worked on the Palm Springs Ace Hotel and a handful of other boutique hotels around the country.
Cori Ready, a Seattle event designer that’s working with the Magnetic/ERV, told CHS the management group is still in the early planning stages of the overhaul. “We want to make it more like a culture hub,” Ready said.