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Smith Tower applies to convert from offices to condos

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flamingyouth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-22-07 05:46 PM
Original message
Smith Tower applies to convert from offices to condos
The Smith Tower may soon be a place to call home.

The owner of the Seattle's first skyscraper filed an application Wednesday to convert it from offices to condominiums. In a news release Thursday, Walton Street Capital said it "is beginning to explore the opportunity" to change the use.

Walton Street Capital bought the 42-story white terra-cotta landmark from the Samis Foundation for $42.8 million last April and paid Samis another $1 million for the adjacent two-story Florence Building. Samis bought the tower a decade earlier for $7.6 million and undertook a $28-million renovation to update it and restore its elegance.

Just after the sale, Walton officials said they planned no major changes, other than to seek office tenants and fill an empty ground-floor retail space.

http://seattlepi.nwsource.com/local/304722_tower23ww.html
:banghead:
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Fenris Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-22-07 05:47 PM
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1. Disgusting.
Absolutely disgusting.
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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-23-07 01:24 AM
Response to Reply #1
2. Why?
There's plenty of office space in Seattle, and I'd think condo owners would be the types that are nutz about historical preservation.
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RobertSeattle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-23-07 12:17 PM
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3. I have no problem with that
The older buildings just aren't that practical work for modern business. I'd rather a well maintained condo building rather than a decrepit smith tower that can't find tenants.

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flamingyouth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-23-07 03:34 PM
Response to Reply #3
5. I think it would be a real shame to lose access to the observation deck
Edited on Fri Feb-23-07 03:35 PM by flamingyouth
...and the Chinese Room, which are historic landmarks and should be enjoyed by everyone, not just by the people who can afford to buy units there.
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LisaM Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-26-07 09:00 PM
Response to Reply #5
6. Yes, I agree with you.
It is a public landmark.
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Rhiannon12866 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-23-07 03:12 PM
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4. I love architecture, so I looked up this building.
I absolutely agree with you. I would not want to live here and would be nervous if I had a business appt. here. But I am always glad to hear when a historic building is saved. In Europe, people still live and work in buildings that are centuries old. In this country, everything is knocked down in the name of progress. :-(

The Smith Tower
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