Bad news for Mount Washington development:
http://www.pghcitypaper.com/pittsburgh/g...ter-than-none-at-all/Content?oid=1724276
Quote:
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"When [the hotel] was proposed, it was felt that the climate was right for that, but as it turned out, the banks were not interested in loaning money for a five-star hotel in Pittsburgh," Desmone explains.
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I find this statement hard to believe considering actual evidence shows the complete opposite is happening with new hotel proposals popping up all over the city. The banks sure aren't having much trouble funding any of those.
Now, they are not "5 star" hotels but some are pretty close with their conceptual uniqueness, service, architecture, and the clientele they target, (Fairmont, Ace, Indigo, ect).
If Desmone had actually said, "the banks were not interested in loaning money for a five-star hotel in
Mt. Washington", then I could potentially forgive the developer for bungling the original plan since that statement could have some truth to it.
Either way, I
really hate the newest proposal for 1 Grandview, instead of a premier hotel and public spaces being the exclamation point on the end of this iconic street, now they decided to go in the complete opposite direction with market rate apartments in a horrible "commie block" style development that screams Section 8. No iconic attractions, no public spaces, just a restaurant. That rendering is an insult to both Mt. Washington and the city of Pittsburgh, especially after seeing what this developer had originally promised the community.