Skip to main content
Advertising

Originally published November 24, 2014 at 4:03 PM | Page modified November 25, 2014 at 7:04 AM

  • Share:
             
  • Comments
  • Print

SF hotel developer plans 50-story project on Fifth Avenue

A partnership led by Stanford Hotels Group proposes to build the hotel and residential tower on a parking lot at the downtown Seattle corner where the monorail crosses Stewart Street, according to plans filed with the city.


Seattle Times business reporter

advertising

A San Francisco hotel developer proposes to build a 50-story hotel and residential tower on a parking lot at the downtown Seattle corner where the monorail crosses Stewart Street,according to plans filed with the city.

A real-estate partnership controlled by Stanford Hotels Group paid $16.75 million last year to acquire the 12,960-square-foot lot at 1903 Fifth Ave.

The group intends to seek permits for a tower consisting of a 284-room hotel, 90 apartments, 133 condominiums, street-level retail and parking for about 200 cars, according to papers filed earlier this month.

Stanford Hotels is scheduled to meet with the city’s design-review board at 7 p.m. Dec. 16 to receive feedback on the proposal.

The company, which also plans a 15-story hotel in South Lake Union, didn’t respond to requests for comment Monday.

There are many hotels near the Fifth Avenue site: The Westin Seattle, a large convention hotel, is across the street.

Within a short walk is the 229-room Warwick Seattle Hotel, at Fourth Avenue and Lenora Street, and the 160-room Mayflower Park Hotel, at Fourth and Olive Way.

But any new hotel is more likely to compete with other new hotels, said John Gordon, a senior vice president at commercial real-estate brokerage Kidder Mathews.

And there are plenty of hotels proposed or under construction in downtown Seattle, which this year is on track to set new records for hotel occupancy and room rates.

Gordon said the shortage of hotel rooms is due to the city’s job growth, especially from South Lake Union employers like Amazon.com and the Bill & Melinda Gates Foundation.

Stanford Hotels’ proposed hotel at Fifth and Stewart is likely to attract leisure and individual business travelers, Gordan said.

Over the summer, Stanford obtained a permit to demolish the three-story Bio-Rad Systems building at 300 Terry Ave. N. next to Amazon’s South Lake Union headquarters, where it plans to build a 15-story, 283-room hotel with a restaurant and 11,000 square-foot conference center, records show.

Seattle developer Touchstone’s Hill7 project on Boren Avenue between Stewart and Howell streets is expected to have a 222-room Hilton Garden; the developer also plans to open in 2016 a 12-story structure at the northeast corner of First Avenue and Stewart Street with 159 rooms and 97 extended-stay residences.

And two blocks north of Stanford Hotels’ parking lot, Everett-based Path America has broken ground on a 40-story tower that it says will include a 142-room Hotel Indigo and 342 apartments.

The biggest pending hotel project in Seattle, R.C. Hedreen’s proposed 43-story convention hotel at Ninth Avenue and Stewart Street, would include 1,680 hotel rooms and 154 units of affordable housing if the city grants it an alley vacation. But if the city denies Hedreen the alley, it’s pursuing a 45-story hotel with 1,264 rooms, records show.

Last month, Hedreen received a favorable decision from the city, but a union that represents hotel workers has appealed it.

The full block development between Stewart and Howell streets and Eighth and Ninth avenues was once a Greyhound bus station.

Sanjay Bhatt: 206-464-3103 or sbhatt@seattletimes.com On Twitter @sbhatt



Four weeks for 99 cents of unlimited digital access to The Seattle Times. Try it now!

Also in Business & Technology

News where, when and how you want it

Email Icon

 Subscribe today!

Subscribe today!

99¢ for four weeks of unlimited digital access.

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►