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Originally published August 22, 2011 at 4:09 PM | Page modified August 23, 2011 at 9:49 PM

Corrected version

Seattle developer proposes hotel-apartment building near Space Needle

Seattle developer Kauri Investments has filed preliminary paperwork with the city to build a seven-story hotel and apartment building across the street from the Space Needle.

Seattle Times business reporter

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Seattle developer Kauri Investments has filed preliminary paperwork with the city to build a seven-story hotel and apartment building across the street from the Space Needle.

Early plans call for about 118 hotel rooms on four floors and about 56 apartments on the top two floors, said Kent Angier, Kauri president and CEO.

Kauri bought the property, which occupies most of the triangular block bounded by Broad and John streets and Fifth Avenue North, in November 2008. Now a parking lot, it is two blocks from the recently completed Gates Foundation headquarters and a block from the Seattle Center Monorail terminal.

Angier said Kauri hopes to break ground on the project in early 2013. While no hotel operator has been identified so far, the hospitality industry is starting to bounce back, he said. "And it's such a great location."

The city's Queen Anne/Magnolia Design Review Board, an advisory group, is to consider the project Oct. 5.

Eric Pryne: 206-464-2231 or epryne@seattletimes.com

Information in this article, originally published Aug. 22, 2011, was corrected the next day. A previous version of this story gave the wrong location for the hotel-apartment project. The triangualar block is bounded by Broad and John streets and Fifth Avenue North, not Fourth Avenue North as previously reported.

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