In 2006, California developer Laconia LLC had grand plans for a 30-story, triangular residential property at 600 Wall St. Then the real estate market dropped out and so did the proposal. Now, it's back.
Laconia LLC had initially planned a 30-story project for a small triangle-like property at 600 Wall St., but shelved that when the Great Recession hit. Now Laconia plans to build a 38-story project with 310 units on the property, said Paul Menzies, CEO of Walnut Creek, Calif.-based Laconia. Menzies is hopeful to begin construction on the nine-story building in Fall 2014 and is still working out whether or not it will feature condos or apartments. One thing they do seem to know they want to do is completely change the way parking will work in the complex.
Along with five levels of above-ground parking, the complex will also feature a mechanical parking system that would automatically stow a resident's car with the swipe of a key card. Kinda like how James Bond parks.
· Another downtown Seattle residential tower project is resurrected [PSBJ]
· Plan for triangular tower on tiny Belltown site back after bust [SeattlePI]