Four Seasons Private Residences Restructures Debt

The Four Seasons Hotel and Private Residences located in Downtown Seattle was facing financial troubles after having nearly $34 million in construction liens, defaulting in 2009.  These troubles were much in part due to slow sales when the Seattle real estate market was beginning to fall apart.  The building opened in 2008 with 36 residences, which range in price from $2-$10 million.  According to a Seattle Times article published today, the owners of the building, Seattle Hotel Group LLC, have dug themselves out of this hole with financial restructuring.   Last week, the Seattle Hotel Group received a loan for $26 million towards the debt, owed to Washington Real Estate Holdings.  For now, things are looking up for the ultra luxurious downtown Seattle condominiums.  There are eleven residences still for sale in the building.  Please follow the link to see one of these luxury condominiums full listing details and photos.

Waterfront Landings Condominium-For Sale

This great, downtown Seattle condo for sale is located in Waterfront Landings, the only building sitting on Seattle’s vibrant waterfront. This unit is a dream of comfort, style and convenience. The rooms are large and sunny and beautifully decorated with fantastic use of space. Everything in the spacious two bedroom, one bathroom unit is well thought out with comfort and utility always in mind. The kitchen is a gourmet delight with Wolf stove, cherry cabinets, and granite counters.  The 1,269 sf home boasts a 600 sq ft. private patio, for your use only. This luxury condominium is the perfect lifestyle, in the perfect location.  Follow the link to see more details and photos of this downtown Seattle condominium for sale. 

Status: For Sale
List Price: $609,000
Bed/Bath: 2,1