Last we heard of The Eitel Building, plans to turn it into a boutique hotel were scrapped back in December. According to the developer, the cost to way too much. Apparently the cost isn't an issue for Urban Visions, who is in the midst of purchasing the 109-year-old building with plans to renovate it. Per PSBJ, they want to put a restaurant and bar on the top floor with a rooftop deck above. They also want to mix residential, office and retail space amongst the seven floors.
Meanwhile, Urban Visions continues to make their mark across downtown Seattle. They recently took over the Columbia Building and have various projects in development. Keep an eye on them...
· Seattle developer Urban Visions ties up landmark building near Pike Place Market [PSBJ]
· Plans To Turn Eitel Building Into Boutique Hotel Scrapped [Curbed Seattle]