The
Dairy Apartments at 801 NE 21st Ave are now Approved to Issue. It's worth noting this project "
rests with a philosopher king". This is a broader question, but I'm wondering why certain projects sit in approved for so long.
Unicorn Bed by Guerilla has sat in this stage since March(!),
Proper Hotel in NW since Feb(!),
1440 Taylor &
1500 Taylor since 2019(!!).
What are the ramifications? Aren't the project owners losing money the longer these sit idle? I'm asking because there are several projects that have sat in this stage for quite some time, and I'm curious if that's an indication the project owners are simply eating the costs of permitting or the project is dead or etc.
Quote:
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DAIRY APARTMENTS - review w/ 19-260575-MT New construction of 7-story (5 Type IIIA over 2 Type IA) multi-family residential building over 1 level of below grade parking. Total building will be 196,430 gross sf, 271 units, plus residential amenities. Inclusionary Housing will be triggered, and provided on-site at standard rates. A land use adjustment will be requested for the minimum parking requirement. **Demo of existing Structure separate submittal permit 22-122896-CO.
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