Continental Properties, the Developer of the Cosmopolitan in Downtown and Canal Station in Ballard, have purchased the lot at 2nd Avenue and Virginia St, directly to the south of the Cristalla Condominiums. They plan to build a 400 foot tall 300 unit building on the lot according to PSBJ and Continental Properties website.
This post is two-fold. View obstruction alert for Cristalla and One Pacific Tower Condominiums and to potentially announce a new condo building being built.
With this building being built just south of Cristalla, the outlooks of all of the units facing south will be affected. Also, the units in One Pacific Tower with east facing windows will also be impacted.
On Continental Properties website, they list this building under their condo header, and not their apartment header so we do have reason to believe that this might be constructed as condos although nothing is for sure at this point. Claudio Guincher, the head of Continental Properties, said they will watch the condo and rental markets and make a decision on whether or not to be condos by the fall.
By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.