Someone at The Seattle Condo Blog does not think this can work out.
Rob said: No one seems to ask questions anymore, they just regurgitate what they hear and assume that it’s real. Something is not right here. This site is only one 60′-0″ wide lot. The lot is only 6,600 SF. A shear core including stairs and elevators will take up at least 2,000 SF of a floor plate - more if there is a hotel and condos. Zoning restrictions aside, there are building code/seismic setbacks that will further reduce the plate. And they are claiming that the top floor will have two 4,000 SF condos? You dont need to be a rocket scientist to see that the math does not add up. You cannot squeeze 8,000 feet of saleable area into a floorplate that is considerably less than that. Not to mention that you could not possibly provide parking for such a project. This proposal is not credible.
Sounds like a fool!
3 units are up for sale to get some interest.They are already listed on John L Scott.com.
http://www.johnlscott.com/propertyli...oupID=73248217